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Article
Publication date: 11 April 2023

Jorge Ayala Cruz

This paper discloses the risk management response strategies and the perceived effectiveness of the strategies employed by companies operating within manufacturing clusters in…

93

Abstract

Purpose

This paper discloses the risk management response strategies and the perceived effectiveness of the strategies employed by companies operating within manufacturing clusters in Puerto Rico from 2016 until 2020, the second year of the coronavirus disease 2019 (COVID-19) pandemic.

Design/methodology/approach

The research design consists of questionnaire-based survey responses from companies belonging to manufacturing clusters, followed by semi-structured interviews and secondary sources of information.

Findings

The results reveal the risk responses used to manage specific risk types. Albeit respondents' dependency on an assortment of company-centric and cluster-bound risk response strategies, the perception is that the former is more effective when adequate local sources are available and the latter when the cluster has strong interconnectedness among the cluster's members.

Research limitations/implications

Furthermore, there is a generalized belief that long-term cluster-bound strategies are required to complement individual companies' overall risk management strategies.

Originality/value

This paper demonstrated that due to the volatility, uncertainty, complexity and ambiguity (VUCA) nature of the Caribbean region, mixed risk management might result in better and more favorable long-term performance.

Details

Continuity & Resilience Review, vol. 5 no. 1
Type: Research Article
ISSN: 2516-7502

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Article
Publication date: 6 June 2016

Jorge Ayala-Cruz

The purpose of this paper is to present the implementation and testing of a modified project risk management framework that integrates PMI’s framework with Monte Carlo simulation…

2394

Abstract

Purpose

The purpose of this paper is to present the implementation and testing of a modified project risk management framework that integrates PMI’s framework with Monte Carlo simulation to improve the effectiveness in high-tech new product development (NPD) projects.

Design/methodology/approach

The modified framework considers three bodies of knowledge: project management, risk management, and Monte Carlo simulation to produce an enhance project risk management framework. Its application is shown through a case study.

Findings

Using the integrated framework in a recent case study project and prior NPD projects measures (as benchmarks), it was shown that it could help to enhance risk responses caused by task durations and costs’ uncertainties. The framework proved to be better than segregated generic best practices and was key in providing insight to the issue of early project risk assessment.

Research limitations/implications

More experimental replications are required for enhancement effectiveness assertions of the framework, through the application of the framework to similar case studies. Furthermore, this could improve its reliability and soundness.

Practical implications

Future directions for research could include case and empirical studies that include hypothesis’s testing, and the integration of optimization procedure for improved NPD project’s planning and execution.

Originality/value

This paper outlines a way to close the gap of project risks management planning in NPD’s initiatives. It was motivated by a relatively new tendency in exploring integrated frameworks to deal with complex project risks issues.

Propósito

La investigación presenta la implementación y demostración de un esquema modificado de gestión de riesgos para proyectos que integra el esquema propuesto por el Project Management Institute (PMI) con la simulación Monte Carlo para mejorar la eficacia de proyectos de desarrollo de nuevos productos (DNP) de alta tecnología.

Diseño/metodología/enfoque

El esquema modificado considera tres áreas de conocimiento: gestión de proyectos, gestión de riesgos y simulación Monte Carlo, para producir un mejor esquema de gestión de riesgos del proyecto. Su aplicación se demuestra a través de un estudio de caso.

Resultados

Utilizando el esquema integrado en un reciente estudio de caso de un proyecto y previos proyectos de DNP como puntos de referencia, se demostró que el esquema podría ayudar a mejorar las estrategias de respuestas a los riesgos causados por la incertidumbre en la duración de las tareas y costos asociado a estos proyectos. El esquema ha demostrado ser más eficiente que aquellos propuestos como mejores prácticas genéricas, proporcionando un claro entendimiento sobre el tema de la evaluación de riesgos en la fase inicial de proyectos DNP.

Limitaciones/implicaciones

Se requieren más repeticiones experimentales para mejorar la eficacia de las afirmaciones del esquema, a través de su aplicación a estudios de casos similares. Por otra parte, esto podría mejorar su confiabilidad y estabilidad.

Implicaciones prácticas

Futuras investigaciones podrían incluir estudios de casos y estudios empíricos que incluyan pruebas de hipótesis e integración de procedimientos de optimización para mejorar la planificación y ejecución de proyectos de DNP.

Originalidad/valor

El estudio describe una forma de cerrar la brecha en la planificación de gestión de riesgos de proyecto en la industria. Fue motivada por una relativamente nueva tendencia en la investigación de esquemas integrados para hacer frente a asuntos de riesgos en proyectos complejos.

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Article
Publication date: 3 November 2014

Enrique Ogliastri

Six research papers are published on this issue: three on finances, two regarding public administration and one on business economy. They come from six countries and ten…

438

Abstract

Six research papers are published on this issue: three on finances, two regarding public administration and one on business economy. They come from six countries and ten universities. The first paper analyses the effect of a new platform for transactions in the Colombian stock exchange. The second studies the factors that influence the capital structure of the non‐financial companies that quote in the stock market of Lima. The third studies a sample of Brazilian coffee growers in order to determine the influence of attitudes and behaviours in their price risk management decisions. The fourth studies the relation between financial stress, decentralisation and outsourcing of public local services in Spain, by particularly taking into account the length of the financial stress, the effectiveness of the measures taken to attenuate it and the lapse between the crisis and an answer based on the portion of privatisation and decentralisation of the public services. The fifth explores the Chilean small and medium businesses determinants that from their beginnings are orientated towards the global international market. Lastly, the concepts of marketing services and higher education are used to analyse the evaluations of professors given by Mexican university students. The journal is shifting towards a new electronic platform. It will begin to be trimestral in the year 2015 and will continue to broaden its net of Associate Editors.

Resumen

En este número publicamos seis artículos de investigación: tres en finanzas, dos en administración pública, y uno en economía de negocios, provenientes de seis países y diez universidades. El primer artículo analiza el efecto de una nueva plataforma para las transacciones en la bolsa de valores de Colombia. El segundo, estudia los factores que influyen en la estructura de capital de las empresas no financieras que cotizan en el mercado de valores de Lima. El tercero, estudia una muestra de cultivadores de café brasileños para determinar la influencia de las actitudes y comportamientos en sus decisiones de gestión del riesgo del precio. El cuarto, estudia la relación entre estrés financiero, descentralización y contratación externa de servicios públicos locales en España, particularmente al enfocarse en la consideración de la duración del estrés financiero, la efectividad de las medidas tomadas para atenuarlo, y el lapso entre la crisis y una respuesta basada en la opción de privatización y descentralización de servicios públicos. El quinto explora los determinantes de que las pequeñas y medianas empresas chilenas desde el principio estén orientadas al mercado global internacional. Finalmente, se utilizan conceptos del mercadeo de servicios y la educación superior para el análisis de las evaluaciones de los profesores por parte de los estudiantes universitarios mexicanos. La revista está migrando a una nueva plataforma electrónica, pasará a ser trimestral en el año 2015 y se continúa ampliando la red de Editores Asociados.

Details

Academia Revista Latinoamericana de Administración, vol. 27 no. 3
Type: Research Article
ISSN: 1012-8255

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Article
Publication date: 14 September 2010

Pedro López‐Sáez, José Emilio Navas‐López, Gregorio Martín‐de‐Castro and Jorge Cruz‐González

The purpose of this paper is to try to assess the applicability of the SECI model (Nonaka and Takeuchi) to the processes of external knowledge acquisition for firms located on

3516

Abstract

Purpose

The purpose of this paper is to try to assess the applicability of the SECI model (Nonaka and Takeuchi) to the processes of external knowledge acquisition for firms located on knowledge‐intensive clusters. The paper's intended contribution lies in improving our understanding about the different mechanisms that organizations can use to learn from this kind of environment.

Design/methodology/approach

The paper uses survey data obtained from a sample of knowledge‐intensive firms from Boston's Route 128, with custom tailored measurement scales. It applies a quantitative method based on questionnaire answers.

Findings

Findings show that external knowledge acquisition takes place through three different processes that raise important differences and similarities with the SECI model.

Research limitations/implications

Conclusions can only be generalized to firms located in knowledge‐intensive clusters. Nevertheless, some implications for management practice can be derived. Tacit knowledge from the environment requires different mechanisms in order to be successfully incorporated into the organization, whereas explicit knowledge acquisition can be managed more smoothly. Managers should pay special attention when designing channels for acquiring external tacit knowledge.

Practical implications

The SECI model reveals itself to be a powerful guide for starting research about external knowledge acquisition. Nevertheless, context specific variables can show industry or country preferred ways for learning in practice, so highly focused empirical research may be required to disentangle the peculiarities of tacit knowledge.

Originality/value

In the field of external knowledge acquisition by organizations, empirical works about testing widely spread theoretical models are very scarce. This paper takes the theoretical processes of the SECI model and extends them for external knowledge acquisition.

Details

Journal of Knowledge Management, vol. 14 no. 5
Type: Research Article
ISSN: 1367-3270

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Abstract

Details

International Journal of Sociology and Social Policy, vol. 12 no. 4/5/6/7
Type: Research Article
ISSN: 0144-333X

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Book part
Publication date: 2 August 2022

Christopher Ansell, Eva Sørensen and Jacob Torfing

Free Access. Free Access

Abstract

Details

Co-Creation for Sustainability
Type: Book
ISBN: 978-1-80043-798-2

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Article
Publication date: 17 October 2023

Jose Manuel Diaz-Sarachaga and Joana Longo Sarachaga

The purpose of this paper is to analyze how sustainability was operationalized in the Spanish universities through plans and actions that contribute actively to the achievement of…

199

Abstract

Purpose

The purpose of this paper is to analyze how sustainability was operationalized in the Spanish universities through plans and actions that contribute actively to the achievement of the sustainable development goals (SDGs).

Design/methodology/approach

A systematic search and content analysis served to examine information available on websites belonging to the 76 universities listed in the Conference of Rectors of the Spanish Universities (CRUE).

Findings

The participation of Spanish universities on initiatives focused on sustainability is very limited, highlighting the negligible role of private institutions in which topics like sustainability and the 2030 Agenda/SDGs were scarcely addressed.

Originality/value

The study outlines the actual extent of the inclusion of sustainability in particular co-curricular actions toward the SDGs in the CRUE. The findings enable to define a long-term sustainability road map for the Spanish university system.

Details

International Journal of Sustainability in Higher Education, vol. 25 no. 3
Type: Research Article
ISSN: 1467-6370

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Article
Publication date: 1 June 2021

Marina Morales and Jorge Velilla

This paper empirically examines whether the cultural environment plays a role in entrepreneurial decisions in Europe, the United States, Canada and Australia.

326

Abstract

Purpose

This paper empirically examines whether the cultural environment plays a role in entrepreneurial decisions in Europe, the United States, Canada and Australia.

Design/methodology/approach

To explore this issue, we use data from the Adult Population Survey of 2010–2015 provided by the Global Entrepreneurship Monitor (GEM). To calculate the cultural factor, we utilize additional information from the GEM National Expert Survey data and estimate a probit model to measure the effect of culture based on an unobserved latent variable of satisfaction, measured through a dichotomous variable identifying entrepreneurs.

Findings

Results show a positive and statistically significant relationship between the cultural factor and the individual choice of entrepreneurial activity. Our findings are subjected to a range of robustness checks. We extend this analysis to an examination of cultural values as predictors of entrepreneurship status in collectivist and individualist countries. Our results point to collectivist and individualist roles as being among the mechanisms through which the cultural environment may operate.

Originality/value

This is the first empirical work that clusters a wide range of variables provided by the GEM NES data to obtain a cultural indicator, and then applies this indicator to the GEM APS micro-data. Policy-makers should consider these results in order to promote entrepreneurship through culture in collectivist and Mediterranean countries, but use other channels in individualist and Anglo-Saxon countries.

Details

International Journal of Social Economics, vol. 48 no. 9
Type: Research Article
ISSN: 0306-8293

Keywords

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Book part
Publication date: 25 June 2016

Juan Carlos López Díez and Juan Velez-Ocampo

This chapter is intended to present the onset, evolution, and decline of Compañía Minera El Zancudo, considered the largest Colombian company in the nineteenth century…

Abstract

Purpose

This chapter is intended to present the onset, evolution, and decline of Compañía Minera El Zancudo, considered the largest Colombian company in the nineteenth century. Additionally, the chapter will examine its role in both the development of manufacturing industries and the introduction of modern capitalism in the country.

Methodology/approach

The case is based on secondary information collected according to a documentary research method in which the authors selected, categorized, interpreted, and confronted different sources concerning El Zancudo.

Findings

The inception and evolution of El Zancudo involved local and foreign knowledge, techniques, and capital investments that contributed to the company growing to the point of reaching the unprecedented figure of 1,350 workers in the year 1890. Its transition from a failed local mine to a prosperous and intricate business group is full of referrals and links to foreign investment, knowledge transfer, industrial development, and an orientation toward entrepreneurship that contributed to the understanding of subsequent enterprises not only in the Antioquia region but also across the entire country.

Research limitations/implications

This case study was written using limited reliable secondary sources about El Zancudo. Other significant Colombian companies in the nineteenth century (Ferrería de Pacho, Ferrería de Amagá, Empresa Textilera de Samacá, and Cervecería Bavaria) and their links to El Zancudo were mentioned but not deeply analyzed in this chapter.

Practical implications

The clear-cut causes that led El Zacudo to close its operations within the first decades of the twentieth century are worthy of discussion, not only by scholars and business practitioners, but also by policy makers in order to understand the phenomenon and possibly prevent existing companies from failing in a similar manner.

Originality/value

This case brings together the scattered literature on El Zancudo and analyzes the drivers and consequences of both its rise and fall, taking into consideration the specific historical, political, and economic contexts, furthermore, it establishes some linkages between this case and other companies under similar situations.

Details

Dead Firms: Causes and Effects of Cross-border Corporate Insolvency
Type: Book
ISBN: 978-1-78635-313-9

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Article
Publication date: 10 March 2022

Janusz Reichel, Agata Rudnicka and Blazej Socha

This study aims to investigate differences and similarities in the approach to understanding university social responsibility (USR) among the academic and university…

308

Abstract

Purpose

This study aims to investigate differences and similarities in the approach to understanding university social responsibility (USR) among the academic and university administrative staff.

Design/methodology/approach

The quantitative research was conducted on a group of 1,160 respondents from the chosen university. The survey contributes to the discussion about the needs and expectations regarding USR. The data were subjected to reliability verification and statistically tested.

Findings

The study revealed that academic and university administrative staff pay attention to different aspects of USR. The differences appear in expectations of the senior and junior academic staff and when scientific disciplines are taken into consideration. It may suggest that not only the level of research performance but also the structure of academic staff can be a driver for corporate social responsibility benefits.

Practical implications

Research results can be helpful for proper designing of socially responsible activities regarding different groups of employees and enable a better understanding of the needs of employees regarding the creation of socially responsible activities at the university.

Originality/value

This study contributes to the literature by presenting the academic and university administrative staff’s attitude towards USR, giving better insights into their expectations and needs. Research findings contribute to the more grounded discussion on the topic and can be used by organizations to set goals and priorities for USR.

Details

Social Responsibility Journal, vol. 19 no. 3
Type: Research Article
ISSN: 1747-1117

Keywords

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