An explosion of new media delivery technologies allows consumers to tap into information and entertainment, served up on demand. However, most media and entertainment (M&E…
Abstract
An explosion of new media delivery technologies allows consumers to tap into information and entertainment, served up on demand. However, most media and entertainment (M&E) businesses are finding that an “on demand” business strategy has to mean far more than simply making content quickly and easily accessible to consumers. Today’s turbulent buyer’s market has made it critical for an M&E company to acquire a new set of business capabilities to survive in the on demand era. M&E businesses need a model for successfully meeting the challenges of this on demand era. Starting with a look at how the industry got to this point, the author describes what an on demand M&E business might look like, and provides a roadmap for M&E executives that can help them compete successfully in the on demand world.
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Modern financial theory has changed our way of thinking about numerous issues on the practical side of finance, many of which were previously regarded as the sacrosanct domain of…
Abstract
Modern financial theory has changed our way of thinking about numerous issues on the practical side of finance, many of which were previously regarded as the sacrosanct domain of experts, steeped in jargon and knowledge, and beyond the ken of that ordinary mortal, the layman. The main contribution of the new theories has been in practically helping us go about investing in shares, usually shares in publicly quoted companies. Thus it helps the external investor in the market in deciding in which share to invest, depending upon his own attitudes towards risk and return.
The purpose of the paper is to investigate issues associated with the application of international and national accounting and valuation standards to owner occupied property for…
Abstract
Purpose
The purpose of the paper is to investigate issues associated with the application of international and national accounting and valuation standards to owner occupied property for financial reporting purposes.
Design/methodology/approach
The regulatory framework and relevant literature are reviewed and analysed in order to hypothesise a theoretical framework, comprising an order of classification and tests for application by valuers to owner occupied property. The hypothesised approach is then tested in principle for the valuation of airports and specifically for the valuation of a part building and underlying land.
Findings
While the hypothesised approach requires development through the proposition of further tests, it is found to be supported in application to both a part building, being the retailing area within an international terminal, and to the operational land underlying an airport.
Research limitations/implications
The research provides a theoretical framework for the application of accounting and valuation standards to owner occupied property for financial reporting purposes and highlights limitations therein for further research.
Practical implications
The hypothesised approach provides valuers with a globally consistent theoretical framework for application to the valuation of owner occupied property for financial reporting purposes.
Social implications
As airports grow and move from government ownership, the measurement of their value for financial statements becomes progressively more important if a robust basis for stakeholder decision making and the optimal allocation of capital is to be provided
Originality/value
The paper seeks to improve property appraisal, finance and investment skills by promoting awareness of new theories, applications and related concepts and their implications to market conditions in the context of airports.
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There are uncertainties concerning how innovators can successfully venture into disruptive innovations and how incumbents can react to the emergence of such innovations…
Abstract
Purpose
There are uncertainties concerning how innovators can successfully venture into disruptive innovations and how incumbents can react to the emergence of such innovations. Disruptive digital innovations, which use information technology to disrupt business contexts and can evolve rapidly to either successes or failures, have unique challenges. The literature has largely remained silent concerning these. Also, existing studies often focus on innovations originating in developed economies and just on successful cases. There is a lack of comparative focus on successful and failure cases emerging across economies. The purpose of this paper is to fill these gaps.
Design/methodology/approach
This paper assesses the evolution of disruptive digital innovations in various contexts through a financial management-motivated conceptual framework. Contrary to existing works, this paper focuses on both successful and failure cases and regards the influence of various stakeholders further to innovators and incumbents to explain the successes or failures of the innovation.
Findings
There are some common success factors for disruptive digital innovation. These include an inherent focus on social value, alignment to financiers' interests and rivals' actions and strategic collaborations to create a synergy effect.
Research limitations/implications
Innovators can cause effective digital disruption by focusing on social and financial values. Success can also largely depend on strategic partnerships rather than actions by an individual entity. Thus, venturing and managing disruptive digital innovation is not an isolated but a social process.
Originality/value
This paper recommends propositions for innovators and incumbents to venture into and confront disruptive digital innovations effectively. Its originality lies in focusing on both successful and failure cases, unexplored in literature, to develop the propositions.
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Purpose – This study examines Hispanic entrepreneurship in the context of global city formation by focusing on metropolitan Washington and the entrepreneurial activities of…
Abstract
Purpose – This study examines Hispanic entrepreneurship in the context of global city formation by focusing on metropolitan Washington and the entrepreneurial activities of Bolivian immigrants, a small but significant Latino immigrant population.
Methodology – Employing a mixed methodology of analysis of census data, mapping, and conducting surveys and focus groups, this research highlights the socio-economic characteristics of Bolivians, the spatial patterning of residential settlement and business locations, as well as the network strategies the group employs.
Findings – Metropolitan Washington is the hub for the Bolivian diaspora in the United States. This group distinguishes itself with higher levels of education, income, and self-employment among Hispanics as a whole. Yet despite their economic and educational attainment, they are overly concentrated in certain sectors and experience blocked mobility that manifests itself through greater interest in self-employment and entrepreneurship. The study concludes that by developing businesses that serve both the ethnic community and the larger non-Hispanic population, Bolivians have had certain economic success.
Social implications – Strategies of residential concentration along with well-developed social networks maintain the ethnic community as well as support transnational linkages to towns and villages back in Bolivia.
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PARLIAMENT passed the Equal Pay Act in 1970 and it comes into full force at the end of 1975. In the meantime a Government order could increase the pay of women to at least 90 per…
Abstract
PARLIAMENT passed the Equal Pay Act in 1970 and it comes into full force at the end of 1975. In the meantime a Government order could increase the pay of women to at least 90 per cent of men's by December 31st next year. Like other legislative forays into the industrial world in recent years, this Act, despite its deceptively simple title, bristles with problems and will greatly change the country's economic life.
Ian Davison Porter, Diarmaid Lawlor, Neil McInroy, Cathy Parker, Phil Prentice, Leigh Sparks and Gary Warnaby
The purpose of this paper is to present the background to the development of the World Towns’ Framework, developed in June 2016 at the inaugural World Towns Leadership Summit in…
Abstract
Purpose
The purpose of this paper is to present the background to the development of the World Towns’ Framework, developed in June 2016 at the inaugural World Towns Leadership Summit in Scotland. The paper also provides an academic underpinning to the four pillars of the agreement; a unique sense of identity and place, economy, leadership and citizenship and environment. It ends with a call to action for practitioners, policymakers and organisations providing support to people in places who want to contribute to the development of the Framework and adopt it.
Design/methodology/approach
The paper is divided into four sections. The first section gives the background to the development of the World Towns Framework. The second section publishes the World Towns Framework in its entirety. The third section builds an evidence-base for the components or pillars of the World Towns Framework, based upon work undertaken by the think tanks and academic partners involved in its development. The final section sets out a call for action – explaining how the Framework can be further developed and utilised.
Findings
The paper contains three main contributions. It articulates a new narrative for towns, neighbourhoods and city districts in responding to contemporary urban challenges; it shapes a new urban agenda for these urban places and it asserts the need for new alliances and approaches essential for a strong competitive economy, which is more inclusive of towns and smaller places, combined with a fairer, more equal society.
Research limitations/implications
The evidence base for the research is limited to the work that has been carried out by the academic institutions and think tanks that supported the development of the World Towns’ Framework.
Practical implications
The practical implication of the World Towns Framework are a shared understanding of how towns and smaller places can engage in management, development and marketing practices that will lead to a stronger economy and fairer society.
Social implications
The focus upon place uniqueness and identity, a more equitable economy, a greener and cleaner environment and stronger place leadership and citizenship can lead to better, fairer and more liveable places.
Originality value
This is the first attempt to develop a World Towns Framework to shape urban change outside of cities and metropoles.