WorldWideScience

Sample records for business cycles

  1. Educational Business Cycles

    DEFF Research Database (Denmark)

    Tepe, Markus; Vanhuysse, Pieter

    Strong institutional constraints and better-informed voters may lead re-election seeking incumbents to shift the use of political business cycle mechanisms away from monetary and fiscal policy towards other policy domains that are more easily manipulable, targetable, and timeable. We investigate...

  2. Educational Business Cycles

    DEFF Research Database (Denmark)

    Tepe, Markus; Vanhuysse, Pieter

    2009-01-01

    Strong institutional constraints and better-informed voters may lead re-election seeking incumbents to shift the use of political business cycle mechanisms away from monetary and fiscal policy towards other policy domains that are more easily manipulable, targetable, and timeable. We investigate...

  3. International Business Cycle

    Directory of Open Access Journals (Sweden)

    Marek Lubiński

    2007-04-01

    Full Text Available Prime stylized facts of international business cycle theory refer to positive correlation in the cyclical components of important macroeconomic variables across countries. However a number of indicators of business cycle synchronization do not point to clear trends. It can be ascribed to the fact that different forces influence level of business cycle correlation. When investigating into the forces behind the commonness in aggregate fluctuations economic research seems to have pointed in two directions. One strand of the literature examines the idea of common exogenous shocks that affect economies simultaneously. In addition to that economic interdependencies such as trade in goods and services or capital account transactions may serve as the channels through which disturbances spill over across countries.The observed degree of output co movement reflects both the nature of the shocks that have occurred and the degree of economic interdependence. In the periods when common shocks prevail level of synchronization is usually higher than in times of transmission dominance.

  4. Entrepreneurship and the business cycle

    OpenAIRE

    Thurik, Roy

    2014-01-01

    Entrepreneurship has a cyclical component, raising two questions. Is the entrepreneurship cycle related to the business cycle? And is there causality? A two-way relationship between entrepreneurship and the business cycle would be in line with the two faces of entrepreneurs: as agents of change creating upswings (opportunity entrepreneurship) and as rational actors escaping unemployment by setting up a business (necessity entrepreneurship). Nascent entrepreneurship can indeed be precyclical, ...

  5. Economic growth and business cycles

    NARCIS (Netherlands)

    Canton, E.J.F.

    1997-01-01

    This thesis contains five essays on economic growth and business cycles. The main focus is on the interaction between economic growth and the cycle: is cyclical variability good or bad for the long-run rate of economic growth? The introduction aims to provide some empirical evidence for an investmen

  6. Business Cycles in Developing Countries

    DEFF Research Database (Denmark)

    Rand, John; Tarp, Finn

    2002-01-01

    This paper demonstrates that developing countries differ considerably from their developed counterparts when focus is on the nature and characteristics of short run macroeconomic fluctuations. Cycles are generally shorter, and the stylized facts of business cycles across countries are more diverse...... than those of the rather uniform industrialized countries. Supply-side models are generally superior in explaining changes in output, but a “one-size fits all” approach in formulating policy is inappropriate. Our results also illustrate the critical importance of understanding business regularities...... as a stepping-stone in the process of designing appropriate stabilization policy and macroeconomic management in developing countries....

  7. Business Cycle Dependent Unemployment Insurance

    DEFF Research Database (Denmark)

    Andersen, Torben M.; Svarer, Michael

    The consequences of business cycle contingencies in unemployment insurance systems are considered in a search-matching model allowing for shifts between "good" and "bad" states of nature. We show that not only is there an insurance argument for such contingencies, but there may also be an incentive...

  8. THE CANADIAN POLITICAL BUSINESS CYCLE

    Directory of Open Access Journals (Sweden)

    Barbara Libby

    2000-01-01

    Full Text Available This paper will discuss the existence of a Canadian Political Business Cycle (PBC during the period 1946-1989. Logit analysis was used to determine if changes in the unemployment rate, growth of real GNE and the rate of inflation are significantly different in the period before an election than during the rest of the electoral term. It was found that the rate of growth in the unemployment rate declines and the rate of growth of real GNP increases in the four quarters before an election. The behavior of these variables reverses in the period after an election. These findings are consistent with a political business cycle. Policy variables, under a majority government, also behave in a manner associated with a PBC, with the government stimulating the economy approximately two years into its term so that good economic news will occur before it has to call an election. Minority governments tend to simulate the economy immediately after taking office.

  9. Endogenous, Imperfectly Competitive Business Cycles

    DEFF Research Database (Denmark)

    Whitta-Jacobsen, Hans Jørgen

    by monopolistic competition. An implicit assumption of barriers to entry justifies that the number of firms is fixed even when positive profits occur. It turns out that both market power of firms on the product markets and market power of unions on the labor markets make the occurrence of cycles more likely......We investigate how imperfect competition affects the occurrence and the properties of endogenous, rational expectations business cycles in an overlapping generations model with constant returns to scale in production. The model has explicit product and labor markets all characterized....... In particular, imperfect competition on the product markets and the positive profits associated with it may have the effect that there is a cycle even if the labor supply curve is increasing in the real-wage rate. For competitive cycles is required not only a decreasing labor supply curve, but a wage elasticity...

  10. Business cycles in oil economies

    Energy Technology Data Exchange (ETDEWEB)

    Al-Mutairi, N.H.

    1991-01-01

    This study examines the impact of oil price shocks on output fluctuations of several oil-exporting economies. In most studies of business cycles, the role of oil price is ignored; the few studies that use oil price as one of the variables in the system focus on modeling oil-importing economies. The vector autoregression (VAR) technique is used to consider the cases of Norway, Nigeria, and Mexico. Both atheoretical and structural' VARs are estimated to determine the importance of oil price impulses on output variations. The study reports two types of results: variance decomposition and impulse response functions, with particular emphasis on the issues of stationarity and co-integration among the series. The empirical results suggest that shocks to oil price are important in explaining output variations. In most cases, shocks to oil price are shown to explain more than 20% of the forecast variance of output over a 40-quarter horizon.

  11. Credit Spreads Across the Business Cycle

    DEFF Research Database (Denmark)

    Nielsen, Mads Stenbo

    This paper studies how corporate bond spreads vary with the business cycle. I show that both level and slope of empirical credit spread curves are correlated with the state of the economy, and I link this to variation in idiosyncratic jump risk. I develop a structural credit risk model that accou......This paper studies how corporate bond spreads vary with the business cycle. I show that both level and slope of empirical credit spread curves are correlated with the state of the economy, and I link this to variation in idiosyncratic jump risk. I develop a structural credit risk model...... to firm fundamentals....

  12. Measuring business cycles in The Netherlands, 1815-1913: a comparison of business cycle dating methods

    OpenAIRE

    Bonenkamp, Jan; Jacobs, Jan; Kuper, Gerard H.

    2001-01-01

    This paper compares different business cycle dating methods both on theoretical and practical grounds. Weighing the pros and cons of these methods, and based on a new data set for The Netherlands in the nineteenth century, we finally recommend two preferred methods for doing further business cycle research on the economy of the Netherlands. With respect to the methods for finding turning points in the level of economic activity, the classical cycle definition, we prefer the Bry-Boschan algori...

  13. Modelling Multiple Regimes in the Business Cycle

    NARCIS (Netherlands)

    D.J.C. van Dijk (Dick); Ph.H.B.F. Franses (Philip Hans)

    1997-01-01

    textabstractThe interest in business cycle asymmetry has been steadily increasing over the last fifteen years. Most research has focused on the different behaviour of macroeconomic variables during expansions and contractions, which by now is well documented. Recent evidence suggests that such a two

  14. Incorporating the knowledge management cycle in e-business

    OpenAIRE

    O, Ying-Lie; Gordijn, Jaap; Akkermans, Hans

    2001-01-01

    In e-business, knowledge can be extracted from the recorded information by intelligent data analysis and then utilised in the business transaction. E-knowledge is a foundation for e-business. E-business can be supported by an intelligent information system that provides intelligent business process support and advanced support of the e-knowledge management cycle. Knowledge is stored as knowledge models that can be updated in the e-knowledge management cycle. As illustrated in examples, the e-...

  15. GLOBALIZATION VERSUS SEGREGATION - BUSINESS CYCLES SYNCHRONIZATION IN EUROPE

    OpenAIRE

    Sebastian Florian Enea; Silvia Palaşcă

    2012-01-01

    Globalization and business cycles are equally elusive economic phenomena; hence they represent a continuous research possibility and a source of possible inquiries due to their complex nature. The aim of the paper is to explain the synchronization of business cycles using the relationship between the growth rate of the GDP and FDI, considered as percentage of the GDP. The results show that there is no unique European business cycle, but two cores between which countries migrate and stress out...

  16. Consumer confidence or the business cycle

    DEFF Research Database (Denmark)

    Møller, Stig Vinther; Nørholm, Henrik; Rangvid, Jesper

    2014-01-01

    Answer: The business cycle. We show that consumer confidence and the output gap both excess returns on stocks in many European countries: When the output gap is positive (the economy is doing well), expected returns are low, and when consumer confidence is high, expected returns are also low....... Consumer confidence and the output gap are also highly positively correlated. In fact, we find that consumer confidence does not contain independent information (i.e. information over and above that contained by the output gap) about expected returns. Our use of European data allows us to examine both...... aggregate European and local-country data on consumer confidence and output gaps. We find that even local-country consumer confidence does not contain independent information about expected returns. Our findings have asset pricing implication: We show taht the cross-country distribution of expected returns...

  17. Comparative analysis of Goodwin's business cycle models

    Science.gov (United States)

    Antonova, A. O.; Reznik, S.; Todorov, M. D.

    2016-10-01

    We compare the behavior of solutions of Goodwin's business cycle equation in the form of neutral delay differential equation with fixed delay (NDDE model) and in the form of the differential equations of 3rd, 4th and 5th orders (ODE model's). Such ODE model's (Taylor series expansion of NDDE in powers of θ) are proposed in N. Dharmaraj and K. Vela Velupillai [6] for investigation of the short periodic sawthooth oscillations in NDDE. We show that the ODE's of 3rd, 4th and 5th order may approximate the asymptotic behavior of only main Goodwin's mode, but not the sawthooth modes. If the order of the Taylor series expansion exceeds 5, then the approximate ODE becomes unstable independently of time lag θ.

  18. The Limits of Schumpeter's Business Cycles

    DEFF Research Database (Denmark)

    Andersen, Esben Sloth

    2006-01-01

    Schumpeter designed Business Cycles as his major work, but it has never received much attention. The problem is partly related to its complex treatment of the theory of waveform economic evolution and the related study of the statistics and history of 150 years of capitalist evolution, but the book...... that problem in Capitalism, Socialism and Democracy, but we have to return to the works of his youth to understand his conception of the coevolutionary processes of socio-economic life....... also makes a deliberate analytical delimitation: the emphasis on economic evolution and the placement of institutional change as an external factor. This definition of the task did not allow Schumpeter to make a full-blown study of the history of capitalist evolution. To some extent, he overcame...

  19. Austrian Business Cycle Theory: Are 100 Percent Reserves Sufficient to Prevent a Business Cycle?

    Directory of Open Access Journals (Sweden)

    Philipp Bagus

    2010-02-01

    Full Text Available Authors in the Austrian tradition have made the credit expansion of a fractional reserve banking system as the prime cause of business cycles. Authors such as Selgin (1988 and White (1999 have argued that a solution to this problem would be a free banking system. They maintain that the competition between banks would limit the credit expansion effectively. Other authors such as Rothbard (1991 and Huerta de Soto (2006 have gone further and advocated a 100 percent reserve banking system ruling out credit expansion altogether. In this article it is argued that a 100 percent reserve system can still bring about business cycles through excessive maturity mismatching between deposits and loans.

  20. The integrity management cycle as a business process

    Energy Technology Data Exchange (ETDEWEB)

    Ackhurst, Trent B.; Peverelli, Romina P. [PIMS - Pipeline Integrity Management Specialists of London Ltd. (United Kingdom).

    2009-07-01

    It is a best-practice Oil and Gas pipeline integrity and reliability technique to apply integrity management cycles. This is conforms to the business principles of continuous improvement. This paper examines the integrity management cycle - both goals and objectives and subsequent component steps - from a business perspective. Traits that businesses require, to glean maximum benefit from such a cycle, are highlighted. A case study focuses upon an integrity and reliability process developed to apply to pipeline operators. installations. This is compared and contrasted to the pipeline integrity management cycle to underline both cycles. consistency with the principles of continuous improvement. (author)

  1. BUSINESS CYCLES, ELECTORAL CYCLES. TOWARD A THEORETICAL FRAME OF INTERACTION

    Directory of Open Access Journals (Sweden)

    BOGDAN-LUCIAN DOSPINESCU

    2015-06-01

    Full Text Available The idea of cyclical movement of a system: be it political, economic, institutional, is one of the constants of critical thinking. In this sense, there is a natural cyclic movement that cannot be avoided (only amplified or diminished and is connected with the nature of these systems. The economy follows a cyclical movement; a period of growth follows a period of decline, and so on. So does popularity for political parties or leaders. In this paper, I explore the links between the business cycles and electoral cycles. For this purpose, I introduce the concept of electoral perception cycles. My hypothesis is that popularity of political parties and leaders follow a cyclical evolution, both on short and long term. I show how perception cycles can impact the “political business cycle theory”. There is great interest in political science literature for the factors that influence the fluctuations in Presidents’ popularity, especially from United States. However, very little has been said about Romania’s case. I investigate the hypothesis of electoral perception cycles looking at the popularity of former president Traian Basescu, over his two terms. The variable used to measure popularity is favorability, measured in national surveys, done face to face, on representative samplez, of around 1000 subjects. I’ve correlated the fluctuations in favorability over time, with key public events or political decisions taken by Traian Băsescu. The main findings are as follows. Firstly, there are significant short term fluctuations (short term perception cycles and they are correlated with major events on the agenda. I would point the following key moments: 1. The referendum for dismissal of the President in May 2007 – Traian Băsescu’s favorability increased by 7 percentage points; 2. The referendum for unicameral Parliament with 300 MPs in the fall of 2009. Coupled with victory in the presidential election, it lead to an increase of 10 percentage

  2. Historical Business Cycles and Market Integration: Evidence from Comovement

    NARCIS (Netherlands)

    Uebele, Martin

    2009-01-01

    This thesis addresses historical business cycles and market integration in Europe and America in the 19th and 20th centuries. For the analysis of historical business cycles, the widely used methodology of historical national accounting is complemented with a dynamic factor model that allows for usin

  3. Business cycle development in Czech and Slovak economies

    Directory of Open Access Journals (Sweden)

    Poměnková, J.

    2010-12-01

    Full Text Available This paper focuses on the business cycle development of Czech and Slovak economies. The main objective is to compare several methodological approaches to identify business cycles with the main theoretical sources of the economic activity movements in the analyzed periods. As both economies are of transition type, the growth business cycle concept will be considered. In this respect, deterministic as well as stochastic methods for obtaining cyclical fluctuations are applied. Czech and Slovak economies fall into the group of transition economies where the problems of insufficient number of observations and structural changes in empirical time series analysis occur. Even if there are many similarities in the institutions of both economies, the authors identified different regular periodicities of the waves. The used frequency analysis is a slightly unique approach of business cycle modeling. The analysis of business cycle movements has significant potential to improve economic policy efficiency.

  4. Finnish and Swedish business cycles in a global context

    DEFF Research Database (Denmark)

    Bergman, Ulf Michael

    2008-01-01

    This paper evaluates the decisions made by the Finnish government to join EMU and the Swedish government not to join EMU in the early 1990s. Focusing on the characteristics of business cycles during the postwar period, we find that output fluctuations in Sweden and Finland are correlated to two...... measures of the international business cycle, a European and a non-European cycle. The Finnish cycle has become more synchronized to the European cycle but less synchronized to the non-EU cycle after 1999. For Sweden we find the opposite result. The decision by the Finnish government to join EMU...

  5. Road accidents and business cycles in Spain.

    Science.gov (United States)

    Rodríguez-López, Jesús; Marrero, Gustavo A; González, Rosa Marina; Leal-Linares, Teresa

    2016-11-01

    This paper explores the causes behind the downturn in road accidents in Spain across the last decade. Possible causes are grouped into three categories: Institutional factors (a Penalty Point System, PPS, dating from 2006), technological factors (active safety and passive safety of vehicles), and macroeconomic factors (the Great recession starting in 2008, and an increase in fuel prices during the spring of 2008). The PPS has been blessed by incumbent authorities as responsible for the decline of road fatalities in Spain. Using cointegration techniques, the GDP growth rate, the fuel price, the PPS, and technological items embedded in motor vehicles appear to be statistically significantly related with accidents. Importantly, PPS is found to be significant in reducing fatal accidents. However, PPS is not significant for non-fatal accidents. In view of these results, we conclude that road accidents in Spain are very sensitive to the business cycle, and that the PPS influenced the severity (fatality) rather than the quantity of accidents in Spain. Importantly, technological items help explain a sizable fraction in accidents downturn, their effects dating back from the end of the nineties.

  6. Analysis of Asset Classes Through the Business Cycle

    Directory of Open Access Journals (Sweden)

    Audrius Dzikevičius

    2012-06-01

    Full Text Available This study was driven by the dissimilar performance characteristics displayed by asset classes over the business cycle. The authors aim to explore assets classes on the grounds of a scientific literature review and a statistical analysis. Business cycles are divided into four stages to explore broad movements in returns of asset classes and a possible existence of asymmetrical effects of determinants within stages. Six main asset classes were analysed: US stocks, EAFE stocks, Bonds, Gold, Real Estate and Commodities. Monthly data from February 1976 to August 2011 were used for the study. The article combines business cycle and asset allocation theories by adding valuable information about performance of asset classes during different phases of the business cycle. Using the OECD Composite Leading Indicator as a business cycle measure, the authors demonstrate that different assets classes have different return/risk characteristics over the business cycle. The article demonstrates how to use the business cycle approach for investment decision-making. The OECD Composite Leading Indicator can provide significant information on market expectations and the future outlook; hence, results of this study can help every investor improve his/her performance and risk management.

  7. A fractal comparison of real and Austrian business cycle models

    Science.gov (United States)

    Mulligan, Robert F.

    2010-06-01

    Rescaled range and power spectral density analysis are applied to examine a diverse set of macromonetary data for fractal character and stochastic dependence. Fractal statistics are used to evaluate two competing models of the business cycle, Austrian business cycle theory and real business cycle theory. Strong evidence is found for antipersistent stochastic dependence in transactions money (M1) and components of the monetary aggregates most directly concerned with transactions, which suggests an activist monetary policy. Savings assets exhibit persistent long memory, as do those monetary aggregates which include savings assets, such as savings money (M2), M2 minus small time deposits, and money of zero maturity (MZM). Virtually all measures of economic activity display antipersistence, and this finding is invariant to whether the measures are adjusted for inflation, including real gross domestic product, real consumption expenditures, real fixed private investment, and labor productivity. This strongly disconfirms real business cycle theory.

  8. Income inequality and the business cycle

    Directory of Open Access Journals (Sweden)

    Shahee Mostafa

    2015-01-01

    Full Text Available This paper first examines the relationship between ordinary least squares estimators of consumption and investment for 36 selected countries with their respective Gini indices. The analysis shows that income inequality is consistent with a smaller estimator of consumption and a greater estimator of investment. Second, the cycles of GDP, consumption and investment are dated separately to determine how the deepness and duration of cycles of those variables are correlated with the Gini indices of countries. The results show that income inequality leads to a deeper and longer decline of GDP, which causes a greater cumulative income loss of GDP during recession, and a somewhat faster speed of recovery during expansion. Likewise, the result of a correlation between Gini indices and the number of cycles in consumption, investment and GDP indicate that income inequality is associated with a greater number of cycles in consumption and GDP and a lower number of cycles in investment.

  9. Research on Business Models in their Life Cycle

    Directory of Open Access Journals (Sweden)

    Adam Jabłoński

    2016-04-01

    Full Text Available The paper presents the results of theoretical discussions and research findings in the field of designing sustainable business models that support the creation of value at various stages of the business life cycle. The paper presents selected findings of extensive research into the business models of Polish companies listed on the Warsaw Stock Exchange. Companies which are at various stages of development should build and adapt their business models in order to maintain the ability to create value for stakeholders. Characteristics of business models at the early stages of development are different than at mature stages. The paper highlights the differences in business models in the context of the life cycle of companies and sustainability criteria. The paper presents research findings which show that the company’s development can be seen from the point of view of the business model. Research on business models concentrated on identifying the key attributes and the configuration of the business models appropriate for the early stage of development as well as the maturity stage. It was found that the business models of companies at an early stage of the development of companies listed on the Warsaw Stock Exchange are oriented primarily to how the company shapes, delivers, and captures value from the market in order to generate profits for shareholders and increase the value of the company, while the business models of mature companies include the intentions of management used to balance objectives with respect to different groups of stakeholders, and to carefully formulate and implement business objectives with particular attention paid to preserving the sustainability of the business. The assessment of business models from the point of view of the life cycle proves that managers change their approach to configuring business models over time; at some point, they include management intentions aimed at a broader range of goals than merely

  10. Instability of capitalism inflation, unemployment, and business cycles

    Directory of Open Access Journals (Sweden)

    Adil H. Mouhammed

    2006-12-01

    Full Text Available This paper investigates the instability of capitalism defined as a condition under which capitalism creates inflation, unemployment, and business cycles. Great economists such as Marx, Veblen, and Schumpeter have examined this problem, concluding that capitalist instability will transform capitalism. A model is developed in this paper to investigate instability, and the finding is that the basic causebehind instability is the conflict on income share: wages and profits. The fluctuations in the share of profits create inflation, unemployment, and business cycles. This generalization has been verified by using data from the American economy for the 1970s, 1980s, and the 1990s. Over this period, the paper concludes, whenthe profit share is high, moderate inflation and employment were generated, and when profit share is low, inflation, unemployment, and business cycles have appeared.

  11. The Austrian Business Cycle Theory: Validity and Implications

    OpenAIRE

    Eid, Tord Kopland

    2009-01-01

    In this thesis the Austrian business cycle theory is analyzed. Based on the work of Eugen von Böhm-Bawerk (1959[1889]), Knut Wicksell (1962[1898]) and Ludwig von Mises (1953[1912]), the theory was further developed and made famous by Friedrich von Hayek in the 1930s. Arguably, Hayek was the main rival of Keynes during this decade, but after heavy criticism and the publication of the General Theory (Keynes, 1936), the Austrian business cycle theory was left with few advocates by the end of Wor...

  12. The role of interest rates in the Brazilian business cycles

    Directory of Open Access Journals (Sweden)

    Nelson F. Souza-Sobrinho

    2011-09-01

    Full Text Available This paper offers additional insights on the relationship between interest rates and business cycles in Brazil. First, I document that Brazilian interest rates are very volatile, counter-cyclical and positively correlated with net exports, as observed in other emerging market economies. Next, I present a dynamic stochastic general equilibrium model in which firms face working capital constraints and labor supply is independent of consumption. This parsimonious model, appropriately calibrated to the Brazilian economy, predicts that interest rate shocks can explain about one third of output fluctuations and delivers business cycle regularities consistent with the Brazilian data.

  13. Time-to-Degree and the Business Cycle

    Science.gov (United States)

    Messer, Dolores; Wolter, Stefan C.

    2010-01-01

    This paper presents the results of an empirical investigation trying to explain individual time-to-degree variances with business cycle fluctuations. Assuming that students determine the optimum study length at university weighing up the cost of an additional semester against the consumption benefit of studying and not yet working, the general…

  14. Advertising and price effectiveness over the business cycle

    NARCIS (Netherlands)

    Gijsenberg, Maarten; van Heerde, Harald; Dekimpe, Marnik G.; Steenkamp, Jan-Benedict E. M.

    2009-01-01

    In this study, the authors conduct a systematic investigation on the evolution in the effectiveness of two important marketing mix instruments, advertising and price, over the business cycle. Analyses are based on 163 branded products in 37 mature CPG categories in the UK, and this for a period of 1

  15. New approaches to business cycle theory in current economic science

    Directory of Open Access Journals (Sweden)

    Monica DOBRESCU

    2012-07-01

    Full Text Available In modern economies, current research generally acknowledges that the central issues in macroeconomics are essentially the same as those identified by Keynes in the General Theory of Employment, Interest and Money. One way or the other, economists are trying to address the same macroeconomic issues that they did seven decades ago: How can we account for the different growth rates and various fluctuations observed in national economies? Which are the economic policies most suitable to solve the issues of growth and cyclic behavior? Both the new classicals and the new Keynesians have made considerable progress within their research paradigms: to explain economic fluctuations, the new classicals focus on technological perturbations, the intertemporal substitution of leisure and real business cycles; on the other hand, the new Keynesians speak in terms of monopolistic competition, menu costs or efficiency wages. On the whole, the new classicals believe that the business cycle can best be understood within the market-clearing model, whereas the new keynesians believe that business fluctuations are due to certain market failures of various sorts.The present paper focuses on the main directions of research of the new classical school on the business cycle, given that the theoretical progress in this field has been significant and relevant for economic policy during the past four decades.

  16. Managing Business-to-Business Relationships throughout the E-Commerce Procurement Life Cycle.

    Science.gov (United States)

    Archer, Norm; Yuan, Yufei

    2000-01-01

    Since the core of e-commerce is information and communications, support for managing customer relationships is available to those who know how to use it. Discusses how technology can be used to encourage and facilitate customer-business relationships. Shows through a customer relationship life cycle model how the management of related procurement…

  17. The inherent complexity in nonlinear business cycle model in resonance

    Energy Technology Data Exchange (ETDEWEB)

    Ma Junhai [School of Management, Tianjin University, Tianjin 300072 (China) and Tianjin University of Finance and Economics, Tianjin 300222 (China)], E-mail: lzqsly@126.com; Sun Tao; Liu Lixia [School of Management, Tianjin University, Tianjin 300072 (China)

    2008-08-15

    Based on Abraham C.-L. Chian's research, we applied nonlinear dynamic system theory to study the first-order and second-order approximate solutions to one category of the nonlinear business cycle model in resonance condition. We have also analyzed the relation between amplitude and phase of second-order approximate solutions as well as the relation between outer excitements' amplitude, frequency approximate solutions, and system bifurcation parameters. Then we studied the system quasi-periodical solutions, annulus periodical solutions and the path leading to system bifurcation and chaotic state with different parameter combinations. Finally, we conducted some numerical simulations for various complicated circumstances. Therefore this research will lay solid foundation for detecting the complexity of business cycles and systems in the future.

  18. Lumpy investment, sectoral propagation, and business cycles (Invited Paper)

    Science.gov (United States)

    Nirei, Makoto

    2005-05-01

    This paper proposes a model of endogenous fluctuations in investment. A monopolistic producer has an incentive to invest when the aggregate demand is high. The investment at the firm level is also known to exhibit a threshold behavior called an (S,s) policy. These two facts lead us to consider that the fluctuation in aggregate investment is generated by the global coupling of the non-linear oscillators. From this perspective, we characterize the probability distribution of the investment clustering in a partial equilibrium of product markets, and show that its variance can be large enough to match the observed investment fluctuations. We then implement this mechanism in a dynamic general equilibrium model to explore an investment-driven business cycle. By calibrating the model with the SIC 4-digit level industry data, we numerically show that the model replicates the basic structure of the business cycles.

  19. Informational Asymmetries and the International Transmission of Business Cycles

    Directory of Open Access Journals (Sweden)

    Patricio Mujica

    1988-03-01

    Full Text Available Informational Asymmetries and the International Transmission of Business Cycles Several recent papers have analyzed the international transmission of economic disturbances in a context in which all goods are traded. Additionaly, those papers assume alternatively full contemporaneous infomation on financial variables is not available at all. A key feature of the model is that agent in each country observe all those variables directly linked with the markets in wich they usuallyy trade but they do not have access to the infomation provided by the market for nontraded goods in the foreign countrv. Therefore. the introduction of nontreded goods provides a natural settings for assuming an asymmetry in the information set available to agents across countries. It is shown that this asymmetry is crucial for the existence of real effects associated with monetary shocks and also for the nature of the international transmission  of business cycles across countries.

  20. Multiple Job Holding, Local Labor Markets, and the Business Cycle

    OpenAIRE

    Hirsch, Barry T.; Husain, Muhammad M.; Winters, John V

    2016-01-01

    About 5 percent of U.S. workers hold multiple jobs, which can exacerbate or mitigate employment changes over the business cycle. Theory is ambiguous and prior literature is not fully conclusive. We examine the relationship between multiple job holding and local unemployment rates using a large Current Population Survey data set of workers in urban labor markets during 1998-2013. High unemployment labor markets have moderately lower rates of multiple job holding. Yet no relationship between mu...

  1. Fluctuations in a mixed IS-LM business cycle model

    Directory of Open Access Journals (Sweden)

    Hamad Talibi Alaoui

    2008-09-01

    Full Text Available In the present paper, we extend a delayed IS-LM business cycle model by introducing an additional advance (anticipated capital stock in the investment function. The resulting model is represented in terms of mixed differential equations. For the deviating argument $au$ (advance and delay being a bifurcation parameter we investigate the local stability and the local Hopf bifurcation. Also some numerical simulations are given to support the theoretical analysis.

  2. Dimensionless form for Goodwin's equation of business cycle

    Science.gov (United States)

    Antonova, A. O.; Reznik, S. N.; Todorov, M. D.

    2012-10-01

    We have conducted numerically a comparative analysis of two models of the business cycle proposed by R. Goodwin, Econometrica, 19, 1-17 (1951): in form of the neutral differential equation with fixed delay and in form of the second order nonlinear ordinary differential equation. Both models demonstrate the possibility of oscillations of income (so-called Goodwin's oscillations). We have shown that for these models the excitation conditions for Goodwin's oscillations and the some its properties may be very different.

  3. Dynamics of the driven Goodwin business cycle equation

    Science.gov (United States)

    Antonova, A. O.; Reznik, S. N.; Todorov, M. D.

    2015-10-01

    We study dynamics of the Goodwin nonlinear accelerator business cycle model with periodic forced autonomous investment Ia(t) = a(1 - cos ωt), where a and ω are the amplitude and the frequency of investment. We give examples of the parameters a and ω when the chaotic oscillations of income are possible. We find the critical values of amplitude acr (ω): if a > acr (ω) the period of the income equals to the driving period T=2π/ω.

  4. Distributed Time Delay Goodwin's Models of the Business Cycle

    Science.gov (United States)

    Antonova, A. O.; Reznik, S. N.; Todorov, M. D.

    2011-11-01

    We consider continuously distributed time delay Goodwin's model of the business cycle. We show that the delay induced sawtooth oscillations, similar to those detected by R. H. Strotz, J. C. McAnulty, J. B. Naines, Econometrica, 21, 390-411 (1953) for Goodwin's model with fixed investment time lag, exist only for very narrow delay distribution when the variance of the delay distribution much less than the average delay.

  5. Essays on oil and business cycles in Saudi Arabia

    Science.gov (United States)

    Aba Alkhail, Bandar A.

    This dissertation consists of three chapters. Chapter one presents a theoretical model using a dynamic stochastic general equilibrium (DSGE) approach to investigate the role of world oil prices in explaining the business cycle in Saudi Arabia. This model incorporates both productivity and oil revenue shocks. The results indicate that productivity shocks are relatively more important to business cycles than oil shocks. However, this model has some unfavorable features that are associated with both investment and labor hours. The second chapter presents a modified theoretical model using DSGE approach to examine the role of world oil prices versus productivity shocks in explaining the business cycles in Saudi Arabia. To overcome the unfavorable features of the baseline model, the alternative model adds friction to the model by incorporating investment portfolio adjustment cost. Thus, the alternative model produces similar dynamics to that of the baseline model but the unfavorable characteristics are eliminated. Also, this chapter conducts sensitivity analysis. The objective of the third chapter is to empirically investigate how real world oil price and productivity shocks affect output, consumption, investment, labor hours, and trade balance/output ratio for Saudi Arabia. This chapter complements the theoretical model of the previous chapters. In addition, this study builds a foundation for future studies in examining the impact of real world oil price shocks on the economies of key trade partners of Saudi Arabia. The results of the third chapter show that productivity shocks matter more for macroeconomic fluctuations than oil shocks for the Saudis' primary trade partners. Therefore, fears of oil importing countries appear to be overstated. As a whole, this research is important for the following reasons. First, the empirical model is consistent with the predictions of our theoretical model in that productivity is a driving force of business cycles in Saudi Arabia

  6. Consumption and Income Poverty over the Business Cycle

    OpenAIRE

    Bruce D. Meyer; Sullivan, James X.

    2011-01-01

    We examine the relationship between the business cycle and poverty for the period from 1960 to 2008 using income data from the Current Population Survey and consumption data from the Consumer Expenditure Survey. This new evidence on the relationship between macroeconomic conditions and poverty is of particular interest given recent changes in anti-poverty policies that have placed greater emphasis on participation in the labor market and in-kind transfers. We look beyond official poverty, exa...

  7. Match your sales force structure to your business life cycle.

    Science.gov (United States)

    Zoltners, Andris A; Sinha, Prabhakant; Lorimer, Sally E

    2006-01-01

    Although companies devote considerable time and money to managing their sales forces, few focus much thought on how the structure of the sales force needs to change over the life cycle of a product or a business. However, the organization and goals of a sales operation have to evolve as businesses start up, grow, mature, and decline if a company wants to keep winning the race for customers. Specifically, firms must consider and alter four factors over time: the differing roles that internal salespeople and external selling partners should play, the size of the sales force, its degree of specialization, and how salespeople apportion their efforts among different customers, products, and activities. These variables are critical because they determine how quickly sales forces respond to market opportunities, they influence sales reps' performance, and they affect companies' revenues, costs, and profitability. In this article, the authors use timeseries data and cases to explain how, at each stage, firms can best tackle the relevant issues and get the most out of their sales forces. During start-up, smart companies focus on how big their sales staff should be and on whether they can depend upon selling partners. In the growth phase, they concentrate on getting the sales force's degree of specialization and size right. When businesses hit maturity, companies should better allocate existing resources and hire more general-purpose salespeople. Finally, as organizations go into decline, wise sales leaders reduce sales force size and use partners to keep the business afloat for as long as possible.

  8. THE NEW CLASSICAL THEORY AND THE REAL BUSINESS CYCLE MODEL

    Directory of Open Access Journals (Sweden)

    Oana Simona HUDEA (CARAMAN

    2014-11-01

    Full Text Available The present paper aims at describing some key elements of the new classical theory-related model, namely the Real Business Cycle, mainly describing the economy from the perspective of a perfectly competitive market, characterised by price, wage and interest rate flexibility. The rendered impulse-response functions, that help us in revealing the capacity of the model variables to return to their steady state under the impact of a structural shock, be it technology or monetary policy oriented, give points to the neutrality of the monetary entity decisions, therefore confirming the well-known classical dichotomy existing between the nominal and the real factors of the economy.

  9. Dynamics of the driven Goodwin business cycle equation

    Energy Technology Data Exchange (ETDEWEB)

    Antonova, A. O., E-mail: anna-antonova-08@mail.ru [National Aviation University, 1Kosmonauvta Komarova Ave., 03058 Kyiv (Ukraine); Reznik, S. N., E-mail: s.reznik@voliacable.com [Institute for Nuclear Research, National Academy of Sciences of Ukraine, 47 Prospekt Nauky, 03680 Kyiv (Ukraine); Todorov, M. D., E-mail: mtod@tu-sofia.bg [Faculty of Applied Mathematics and Computer Science, Technical University of Sofia, 8 Kliment Ohridski Blvd., 1000 Sofia (Bulgaria)

    2015-10-28

    We study dynamics of the Goodwin nonlinear accelerator business cycle model with periodic forced autonomous investment I{sub a}(t) = a(1 – cos ωt), where a and ω are the amplitude and the frequency of investment. We give examples of the parameters a and ω when the chaotic oscillations of income are possible. We find the critical values of amplitude a{sub cr} (ω): if a > a{sub cr} (ω) the period of the income equals to the driving period T=2π/ω.

  10. Using complex networks to characterize international business cycles.

    Directory of Open Access Journals (Sweden)

    Petre Caraiani

    Full Text Available BACKGROUND: There is a rapidly expanding literature on the application of complex networks in economics that focused mostly on stock markets. In this paper, we discuss an application of complex networks to study international business cycles. METHODOLOGY/PRINCIPAL FINDINGS: We construct complex networks based on GDP data from two data sets on G7 and OECD economies. Besides the well-known correlation-based networks, we also use a specific tool for presenting causality in economics, the Granger causality. We consider different filtering methods to derive the stationary component of the GDP series for each of the countries in the samples. The networks were found to be sensitive to the detrending method. While the correlation networks provide information on comovement between the national economies, the Granger causality networks can better predict fluctuations in countries' GDP. By using them, we can obtain directed networks allows us to determine the relative influence of different countries on the global economy network. The US appears as the key player for both the G7 and OECD samples. CONCLUSION: The use of complex networks is valuable for understanding the business cycle comovements at an international level.

  11. Incorporating the knowledge management cycle in e-business

    NARCIS (Netherlands)

    O, Ying-Lie; Gordijn, Jaap; Akkermans, Hans

    2001-01-01

    In e-business, knowledge can be extracted from the recorded information by intelligent data analysis and then utilised in the business transaction. E-knowledge is a foundation for e-business. E-business can be supported by an intelligent information system that provides intelligent business process

  12. Are there two types of business cycles? a note on crisis detection

    Directory of Open Access Journals (Sweden)

    Robert Pater

    2014-12-01

    Full Text Available Business cycles are highly irregular fluctuations in economic activity. This article attempts to determine whether there are some properties of business cycles that can make them look more regular. This is done by analysing business cycle dynamics, especially by employing and adjusting to contemporary business cycle analysis the theories of growth cycles and classical cycles. The non-homogeneity of business cycles is surveyed in theory and practice with use of ad hoc filtering, spectral analysis and unobserved components models. With their use business cycles are extracted. Several macroeconomic indicators for 32 economies are analysed to draw up additional characteristics of contemporary business cycles. The author proposes that fluctuations in economic activity lasting 8-19 quarters should be called ‘growth cycles’ and those lasting 20-40 quarters – ‘classical cycles’. The value added of this article is the consideration of the two different type of cycles in light of the same methods of extraction, while to date they have been thought of as the ones that can be analysed with use of different methods of extraction. Another innovation is comparison of the cyclicality of different macroeconomic indicators from the point of view of the two types of cycles, while to date they have been analysed in the light of a single business cycle. In the article it is shown that dividing business cycles into such defined classical cycles and growth cycles enables us to understand the differences between the cyclicality of various macroeconomic aggregates and countries. It also enables us to distinguish between smaller downturns and severe recessions. Another conclusion is that the duration of contemporary business cycles around the world closes in a range of 2 to 10 years.

  13. Political Business Cycle on the Agricultural Supports in Turkey

    Directory of Open Access Journals (Sweden)

    M. Burak ONEMLI

    2015-05-01

    Full Text Available This study investigates whether there is a political business cycle (PBC on the agricultural supports in the Turkish economy. In this respect, we investigate the policies of different Turkish governments for the agricultural supports measured by the producer support estimates for the period 1986-2011. To this end, first the series for the producer support estimates are filtered by the Hodrick-Prescott filter, and then an econometric model is employed to estimate the effects of a set of explanatory variables including the economic crisis, the opportunistic and the partisan characteristics of the incumbent parties. Our results provide limited support for the opportunistic type PBC. Moreover, it seems that some Turkish governments have created the partisanship type PBCs

  14. Empirical Analysis: Business Cycles and Inward FDI in China

    Directory of Open Access Journals (Sweden)

    Qiyun Fang

    2007-01-01

    Full Text Available It is well-known that the current speeding-up of globalization has been, on one hand, spreading macro economic effects around the world, while, on the other, fueling firms’ activities of crossing national borders. Then, are there any links between these two influences? In this paper, we chose China as our subject, to try to clarify it. A set of models for Granger Causality test and VAR Impulse Responses were constructed and some econometric estimations and empirical analysis were made by employing the latest 20-year authorized annual statistic data. And the findings clearly indicated that firms’ (foreign activities (inward FDI do respond pro-cyclically to business cycle developments in a long term.

  15. Empirical Analysis II: Business Cycles and Inward FDI in China

    Directory of Open Access Journals (Sweden)

    Yahya Sharahili

    2008-01-01

    Full Text Available It is well-known that the current speeding-up of globalization has been, on one hand, spreading macro economic effects around the world, while, on the other, fueling firms’ activities of crossing national borders. Then, are there any links between these two influences? As we have concluded in previous research that inward FDI and business cycle development do pro-cyclically relate on Granger base, this paper will further discuss “how do they react to each other?” Again, we chose China as subject and employed the 1983~2004 authorized annual statistic data. By constructing an Endogenous Growth model, we, after processing Correlation Analysis and testing the coefficient significance of each variable, found out the original momentum of Chinese economic growth and explored whether there exist some long-term relationship through Johansen Co-integration Test.

  16. A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies

    Science.gov (United States)

    Duncan, Roberto

    2015-01-01

    The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…

  17. Poverty, Government Transfers, and the Business Cycle: Evidence for the United States

    OpenAIRE

    Herzer, Dierk; Klump, Rainer

    2006-01-01

    We examine the impact of government transfers and the business cycle on poverty in the United States in the context of a poverty function that includes the official poverty rate, three types of government transfers, real wages, the number of female-headed families, and a business cycle variable. Using cointegration techniques, we find – contrary to most previous studies – that government transfer programs play an important poverty-reducing role. In addition, the findings suggest that the busi...

  18. Business cycles and the financial performance of fuel cell companies

    Energy Technology Data Exchange (ETDEWEB)

    Henriques, I.; Sadorsky, P. [York Univ., Toronto, ON (Canada). Schulich School of Business

    2005-07-01

    Fuel cells are expected to play a major role in a hydrogen powered world. They will provide power to homes, modes of transportation and appliances. Hydrogen is the most abundant element in nature, but it must be extracted in order to be usable. It can be produced from oil, natural gas and coal or from renewable sources such as biomass, thermal or nuclear reactions. Fuel cells running on hydrogen extracted from non renewable resources have an efficiency of 30 per cent, which is twice as efficient as an internal combustion engine. The greatest barrier to mass commercialization is the cost of making hydrogen-powered auto engines. Also, an infrastructure must be developed to refill hydrogen cars. One solution is to build a hydrogen highway using the existing natural gas grid to produce hydrogen and sell it at existing filling stations. The cost of building 12,000 refueling pumps in urban areas which will provide access to 70 per cent of America's population is estimated at $10 to $15 billion. This paper described the vector autoregression (VAR) model which empirically examines the relationship between financial performance of fuel cell companies and business cycles. It was used to measure how sensitive the financial performance of fuel cell companies are to changes in macroeconomic activity. A four variable VAR model was developed to examine the relationship between stock prices, oil prices and interest rates. It was shown that the stock prices of fuel cell companies are affected by shocks to technology stock prices and oil prices, with the former having a longer lasting impact. These results add to the growing literature that oil price movements are not as important as once thought. 15 refs., 3 tabs., 3 figs.

  19. Marketing budget allocation across countries : The role of the international business cycle

    NARCIS (Netherlands)

    Dekimpe, Marnik; Peers, Y.; van Heerde, H.J.

    2016-01-01

    A key conundrum facing organizations is how to adjust marketing budgets in response to the business cycle. While most firms use procyclical spending (spending less during economic contractions), academic studies often recommend countercyclical spending (spending more during contractions), which begs

  20. International business cycle synchronization since the 1870s: Evidence from a novel network approach

    Science.gov (United States)

    Antonakakis, Nikolaos; Gogas, Periklis; Papadimitriou, Theophilos; Sarantitis, Georgios Antonios

    2016-04-01

    In this study, we examine the issue of business cycle synchronization from a historical perspective in 27 developed and developing countries. Based on a novel complex network approach, the Threshold-Minimum Dominating Set (T-MDS), our results reveal heterogeneous patterns of international business cycle synchronization during fundamental globalization periods since the 1870s. In particular, the proposed methodology reveals that worldwide business cycles de-coupled during the Gold Standard, though they were synchronized during the Great Depression. The Bretton Woods era was associated with a lower degree of synchronization as compared to that during the Great Depression, while worldwide business cycle synchronization increased to unprecedented levels during the latest period of floating exchange rates and the Great Recession.

  1. The impact of the business cycle on service providers : Insights from international tourism

    NARCIS (Netherlands)

    Dekimpe, Marnik; Peers, Yuri; van Heerde, H.J.

    2016-01-01

    For service providers, it is essential to understand how their business is affected by the macroeconomy. This is especially pressing for the tourism sector, the world’s largest export service, because the number of incoming visitors is likely to be strongly determined by the business cycles in the c

  2. How do fiscal stimuli impact on the Ssynchronization of business cycles?

    OpenAIRE

    Agnello, L; Caporale, GM; Sousa, R.

    2016-01-01

    Using quarterly data for a panel of advanced economies, we show that synchronized fiscal consolidation (stimulus) programmes in different countries make their business cycles more closely linked. We also find: (i) some evidence of decoupling when an inflation targeting regime is unilaterally adopted; (ii) an increase in business cycle synchronization when countries fix their exchange rates and become members of a monetary union; (iii) a positive effect of bilateral trade on the synchronizatio...

  3. Inventories in motion : a new approach to inventories over the business cycle

    OpenAIRE

    McMahon, Michael F.

    2012-01-01

    I propose an inventories-in-motion concept which represents a new approach to inventories over the business cycle. This channel has previously been ignored by macroeconomists. I build a general equilibrium business cycle model in which inventories arise naturally as a result of gaps between production of goods and their consumption as goods are distributed. These inventories are actively managed and adjusted to meet consumption and investment needs in the economy. Although conceptually very s...

  4. Firms' Perceptions of the Business Cycle and Their Managerial and Financial Conditions

    OpenAIRE

    Kazumi Asako; Koichi Ando; Kazuyuki Matsumoto

    2007-01-01

    Perception of the business cycle can differ among firms, which has been confirmed by extensive survey data. The question we want to answer in this paper is "What causes differences in business cycle perception?" by utilizing a newly designed questionnaire. Specifically, we match properties emphasizing the absolute level of economic activities or the direction of their changes and indicators of a firm's managerial and financial conditions, and examine the relationship between them. Based on ou...

  5. International trade and business cycle synchronization in Poland, the European Union and the Euro Zone

    Directory of Open Access Journals (Sweden)

    Piotr Misztal

    2013-10-01

    Full Text Available The analysis of business cycle synchronization levels has become a key point in the discussion of the processes of international economic integration. Economists show a particular interest in analyzing the frequency of processes of business cycle convergence and divergence (decoupling in the European Union, especially in the Euro Zone. One of the factors determining business cycle convergence in economies is the intensity and structure of international trade. The aim of this paper is to analyze the influence exerted by international trade over the synchronization of business cycles in Poland, the European Union and the Euro Zone from 1995 to 2011. The analytical methods employed here encompass a review of the literature on macroeconomics and international finance, as well as econometric models (such as the Vector Autoregression Model. The results of empirical research indicate that an increase in trade turnover does not necessarily lead to greater business cycle synchronization in the economies under analysis. In fact, the impact of an increase in countries’ turnover on the synchronization of their business cycles depends predominantly on the structure of trade turnover and not solely on the intensity of trade.

  6. KNOWLEDGE AND THEIR SHELF LIFE IN THE BUSINESS CYCLE

    Directory of Open Access Journals (Sweden)

    Laurentia Elena SCURTU

    2015-08-01

    Full Text Available In the attempt to draw a definition to the business topics of the current period, we report to a string of descriptive key words, which appeal to a growing amount of assets, other than the physical/tangible ones. Thus, the most used words/keywords are: knowledge, skills/abilities or talents and the successful leaders that can use/exploit them productively, to achieve competitive advantage, become the key individuals in the business organizations. This is partly due to the "promise" that "the world of intangibles" guarantee to the modern corporate success. Thus, knowledge has become valuable resources in the current competitive chaos. The issue of this paper focuses on how knowledge are used in business organizations, where they can be located within the organization domain and which is their shelf life/their term of validity comparing to the one of those tangible/physical.

  7. Firm age, business cycles and aggregate labor market dynamics

    NARCIS (Netherlands)

    P. Sedláček

    2011-01-01

    Job creation and destruction rates fall with a firm's age, young businesses have higher exit rates, conditional on survival they grow faster and given their employment shares they create relatively more jobs than older firms. In fact, recent studies show that the well established negative relationsh

  8. Analysis of stochastic effects in Kaldor-type business cycle discrete model

    Science.gov (United States)

    Bashkirtseva, Irina; Ryashko, Lev; Sysolyatina, Anna

    2016-07-01

    We study nonlinear stochastic phenomena in the discrete Kaldor model of business cycles. A numerical parametric analysis of stochastically forced attractors (equilibria, closed invariant curves, discrete cycles) of this model is performed using the stochastic sensitivity functions technique. A spatial arrangement of random states in stochastic attractors is modeled by confidence domains. The phenomenon of noise-induced transitions "chaos-order" is discussed.

  9. Business cycle and innovation activity in medium-high and high technology industry in Poland

    Directory of Open Access Journals (Sweden)

    Dzikowski Piotr

    2015-12-01

    Full Text Available This article examines differences in an impact of business cycle phases on innovation activity in medium-high and high technology industry in Poland. It is assumed that each business cycle phase influences innovation activity in the same fashion, but its impact varies and it depends on the firm’s innovation activity. The higher innovation activity the less impact of business cycle. The scope of the survey relates to innovation in MHT and HT industry in Poland. The data concerns the innovation at the firm level and the diffusion “new for the company”. Innovation activity is defined by the following activities: (1 expenditure on research and development and investments in fixed assets not used so far such as: abuildings, premises and land; b machinery and equipment, c computer software; (2 implementation of new products and technological processes and (3 innovation cooperation. The methodological part of the analysis includes a logit modeling. The survey includes 1355 companies. Business cycle has a great influence on innovation activity in MTH and HT industry in Poland. The influence of recovery phase is positive whereas both stagnation and recession phases decrease the probability of innovation activity. The character of influence depends on the propensity to take innovation activity. The higher level of innovation activity the enterprises present the less influence of business cycle they get.

  10. Business Cycle Dependent Unemployment Benefits with Wealth Heterogeneity and Precautionary Savings

    DEFF Research Database (Denmark)

    Kristoffersen, Mark Strøm

    In the wake of the financial and economic crisis the discussion about social insurance and optimal stabilization policies has re-blossomed. This paper adds to the literature by studying the effects of a business cycle dependent level of unemployment benefits in a model with labor market matching......, wealth heterogeneity, precautionary savings, and aggregate fluctuations in productivity. The results are ambiguous: both procyclical and countercyclical unemployment benefits can increase welfare relative to business cycle invariant benefits. Procyclical benefits are beneficial due to countercyclicality...... of the distortionary effect (on job creation) from providing unemployment insurance, whereas countercyclical benefits facilitate consumption smoothing....

  11. The US business cycle: power law scaling for interacting units with complex internal structure

    Science.gov (United States)

    Ormerod, Paul

    2002-11-01

    In the social sciences, there is increasing evidence of the existence of power law distributions. The distribution of recessions in capitalist economies has recently been shown to follow such a distribution. The preferred explanation for this is self-organised criticality. Gene Stanley and colleagues propose an alternative, namely that power law scaling can arise from the interplay between random multiplicative growth and the complex structure of the units composing the system. This paper offers a parsimonious model of the US business cycle based on similar principles. The business cycle, along with long-term growth, is one of the two features which distinguishes capitalism from all previously existing societies. Yet, economics lacks a satisfactory theory of the cycle. The source of cycles is posited in economic theory to be a series of random shocks which are external to the system. In this model, the cycle is an internal feature of the system, arising from the level of industrial concentration of the agents and the interactions between them. The model-in contrast to existing economic theories of the cycle-accounts for the key features of output growth in the US business cycle in the 20th century.

  12. LIFE CYCLE ASSESSMENT (LCA AS A TOOL FOR BUSINESS STRATEGY

    Directory of Open Access Journals (Sweden)

    Rodrigo Salvador

    2014-09-01

    Full Text Available The growing concern about the development of sustainable production systems leads organizations to seek the support of management tools for decision-making. Considering the whole life cycle of the product, the Life Cycle Assessment (LCA has an important role in this scenario. The objective of this paper is to present, through the theoretical discussion, the role of LCA in strategic planning of the organization. It showed the enormous potential for decision making on the environmental aspect, but also the critical factor in the development shares in the competitive context. The use of LCA can reduce the environmental impacts of the system under study (primary purpose and guide the range of advantages in the fields of marketing, legislation and environmental labeling, competitive strategies, efficiency use of resources and others.

  13. International and Domestic Business Cycles as Dynamics of a Network of Networks

    Science.gov (United States)

    Ikeda, Yuichi; Iyetomi, Hiroshi; Aoyama, Hideaki; Yoshikawa, Hiroshi

    2014-03-01

    Synchronization in business cycles has attracted economists and physicists as self-organization in the time domain. From a different point of view, international and domestic business cycles are also interesting as dynamics of a network of networks or a multi-level network. In this paper, we analyze the Indices of Industrial Production monthly time-series in Japan from January 1988 to December 2007 to develop a deeper understanding of domestic business cycles. The frequency entrainment and the partial phase locking were observed for the 16 sectors to be direct evidence of synchronization. We also showed that the information of the economic shock is carried by the phase time-series. The common shock and individual shocks are separated using phase time-series. The former dominates the economic recession in all of 1992, 1998 and 2001. In addition to the above analysis, we analyze the quarterly GDP time series for Australia, Canada, France, Italy, the United Kingdom, and the United States from Q2 1960 to Q1 2010 in order to clarify its origin. We find frequency entrainment and partial phase locking. Furthermore, a coupled limit-cycle oscillator model is developed to explain the mechanism of synchronization. In this model, the interaction due to international trade is interpreted as the origin of the synchronization. The obtained results suggest that the business cycle may be described as a dynamics of the multi-level coupled oscillators exposed to random individual shocks.

  14. On a Method of Statistical Business-Cycle Research; a reply (to Keynes)

    NARCIS (Netherlands)

    J. Tinbergen (Jan)

    1940-01-01

    textabstractAlso published in: A.H. Hansen and R.V. Clemence (Eds), Readings on Business Cycles and National Income, Allen & Unwin, London, 1953, pp. 341-354, in: Adrian C. Darnell (Ed), The History of Econometrics Vol. 2, Edward Elgar, Aldershot, 1994, pp. 214-227 and in: Dale J. Poirier (Ed), The

  15. Evaluation of Uncertainty on the Stages of Business Cycle: Implementation of Quantum Principles

    Directory of Open Access Journals (Sweden)

    Anna Svirina

    2014-08-01

    Full Text Available The goal of the research is to propose implementation of quantum principles for evaluation of economic development on stages of business cycle, define the difference between traditional (deterministic and quantum approaches and to provide quantitative analysis based argumentation for use of quantum economic principles in evaluation of internal and external factors on the stages of business cycle. The object of the study is possibility and reliability of quantum economic principles implementation to evaluate economic system performance. The authors analyze existing approaches towards implementation of deterministic, probabilistic and quantum models for estimating internal and external factors on stages of business cycle, define the benchmark for shift from traditional economy models and principles to quantum principles, describe the stages of business cycle from the quantum economics point of view and provide quantitative analysis of deterministic and quantum models quality on the level of enterprise to prove efficiency and reliability of quantum principles based approach. Calculations and data processing were carried out using Microsoft Excel and SSPS Statistics software.

  16. Effectively Serving the Needs of Today's Business Student: The Product Life Cycle Approach to Class Organization

    Science.gov (United States)

    Eastman, Jacqueline K.; Aviles, Maria; Hanna, Mark

    2012-01-01

    We illustrate a class organization process utilizing the concept of the Product Life Cycle to meet the needs of today's millennial student. In the Introduction stage of a business course, professors need to build structure to encourage commitment. In the Growth stage, professors need to promote the structure through multiple, brief activities that…

  17. How Business Cycles Affect the Healthcare Sector: A Cross-country Investigation.

    Science.gov (United States)

    Cleeren, Kathleen; Lamey, Lien; Meyer, Jan-Hinrich; De Ruyter, Ko

    2016-07-01

    The long-term relationship between the general economy and healthcare expenditures has been extensively researched, to explain differences in healthcare spending between countries, but the midterm (i.e., business cycle) perspective has been overlooked. This study explores business cycle sensitivity in both public and private parts of the healthcare sector across 32 countries. Responses to the business cycle vary notably, both across spending sources and across countries. Whereas in some countries, consumers and/or governments cut back, in others, private and/or public healthcare buyers tend to spend more. We also assess long-term consequences of business cycle sensitivity and show that public cost cutting during economic downturns deflates the mortality rates, whereas private cut backs increase the long-term growth in total healthcare expenditures. Finally, multiple factors help explain variability in cyclical sensitivity. Private cost cuts during economic downturns are smaller in countries with a predominantly publicly funded healthcare system and more preventive public activities. Public cut backs during contractions are smaller in countries that rely more on tax-based resources rather than social health insurances. Copyright © 2015 John Wiley & Sons, Ltd.

  18. IDENTIFYING THE INDUSTRY BUSINESS CYCLE USING THE MARKOV SWITCHING APPROACH IN CENTRAL AND EASTERN EUROPE

    Directory of Open Access Journals (Sweden)

    Cristi SPULBĂR

    2012-01-01

    Full Text Available In this article we use a Markov Switching model with two lags to identify and to compare the business cycle in Romania, Czech Republic, Hungary and Poland using data on industrial production for the 1991-2011 period. We use a model with two regimes that reflect the economic expansions and contractions. The Markov Switching models have been widely used in order to detect and to date the business cycle turning points. However, it should be pointed out that the industrial production may have a little bit different dynamics than the quarterly gross domestic product which is the main measure of economic activity. Based on the smoothed regime probabilities the model track three recessionary periods of the Romanian economy in 1991, 1997 and 2009 and two recessionary periods for the other countries in 1991 and 2009. Mean yoy growth of IPI is 5.01% during expansion periods, while it switches to -18.6% during contraction periods for the Romanian economy. In comparison, mean yoy growth of IPI is 7.25% during expansion periods, while it switches to -13.4% during contraction periods for the Poland economy. Furthermore, in Romania, the duration of the three recessions in months was 25, 25 and 9 months. In Poland, the duration of the two recessions was 16 and 10 months. The results of the study may be used in order to compare the business cycle in Central and Eastern European countries with the Euro Area business cycle.

  19. Last hired, first fired? Black-white unemployment and the business cycle.

    Science.gov (United States)

    Couch, Kenneth A; Fairlie, Robert

    2010-02-01

    Studies have tested the claim that blacks are the last hired during periods of economic growth and the first fired in recessions by examining the movement of relative unemployment rates over the business cycle. Any conclusion drawn from this type of analysis must be viewed as tentative because cyclical movements in the underlying transitions into and out of unemployment are not examined. Using Current Population Survey data matched across adjacent months from 1989-2004, this article provides the first detailed examination of labor market transitions for prime-age black and white men to test the last hired, first fired hypothesis. Considerable evidence is presented that blacks are the first fired as the business cycle weakens. However no evidence is found that blacks are the last hired. Instead, blacks appear to be initially hired from the ranks of the unemployed early in the business cycle and later are drawn from nonparticipation. The narrowing of the racial unemployment gap near the peak of the business cycle is driven by a reduction in the rate of job loss for blacks rather than increases in hiring.

  20. The role of national culture in advertising's sensitivity to business cycles : An investigation across continents

    NARCIS (Netherlands)

    Deleersnyder, B.; DeKimpe, M.; Steenkamp, J.E.M.; Leeflang, P.S.H.

    2009-01-01

    The authors conduct a systematic investigation into the cyclical sensitivity of advertising expenditures in 37 countries, covering four key media: magazines, newspapers, radio, and television. They show that advertising is considerably more sensitive to business-cycle fluctuations than the economy a

  1. A novel PPGA-based clustering analysis method for business cycle indicator selection

    Institute of Scientific and Technical Information of China (English)

    Dabin ZHANG; Lean YU; Shouyang WANG; Yingwen SONG

    2009-01-01

    A new clustering analysis method based on the pseudo parallel genetic algorithm (PPGA) is proposed for business cycle indicator selection. In the proposed method,the category of each indicator is coded by real numbers,and some illegal chromosomes are repaired by the identi-fication arid restoration of empty class. Two mutation op-erators, namely the discrete random mutation operator andthe optimal direction mutation operator, are designed to bal-ance the local convergence speed and the global convergence performance, which are then combined with migration strat-egy and insertion strategy. For the purpose of verification and illustration, the proposed method is compared with the K-means clustering algorithm and the standard genetic algo-rithms via a numerical simulation experiment. The experi-mental result shows the feasibility and effectiveness of the new PPGA-based clustering analysis algorithm. Meanwhile,the proposed clustering analysis algorithm is also applied to select the business cycle indicators to examine the status of the macro economy. Empirical results demonstrate that the proposed method can effectively and correctly select some leading indicators, coincident indicators, and lagging indi-cators to reflect the business cycle, which is extremely op-erational for some macro economy administrative managers and business decision-makers.

  2. International outsourcing over the business cycle: some intuition for Germany, the Czech Republic and Slovakia

    Directory of Open Access Journals (Sweden)

    Sandrine LEVASSEUR

    2010-12-01

    Full Text Available In this paper, we assess the extent to which multinational firms – in the first instance, the German ones – may adjust their international outsourcing over the business cycle in the Czech Republic and Slovakia. For that purpose, we have used monthly data of production for the manufacturing sector as a whole and some of its sub-sectors, since 2000 onwards. Our econometrical estimates suggest that there would be an asymmetry in the international outsourcing across the states of the economy, meaning that multinationals firms would be engaged differently in outsourcing activities, depending on whether bad or good economic times occur. Yet, such an asymmetry is found increasing over the time for German and French multinationals operating in the transport equipment sector of Slovakia. Another conclusion is that international outsourcing made by multinational firms in Slovakia may account for a portion of its large business cycles volatility.

  3. Stability and Hopf Bifurcation Analysis on a Nonlinear Business Cycle Model

    Directory of Open Access Journals (Sweden)

    Liming Zhao

    2016-01-01

    Full Text Available This study begins with the establishment of a three-dimension business cycle model based on the condition of a fixed exchange rate. Using the established model, the reported study proceeds to describe and discuss the existence of the equilibrium and stability of the economic system near the equilibrium point as a function of the speed of market regulation and the degree of capital liquidity and a stable region is defined. In addition, the condition of Hopf bifurcation is discussed and the stability of a periodic solution, which is generated by the Hopf bifurcation and the direction of the Hopf bifurcation, is provided. Finally, a numerical simulation is provided to confirm the theoretical results. This study plays an important role in theoretical understanding of business cycle models and it is crucial for decision makers in formulating macroeconomic policies as detailed in the conclusions of this report.

  4. Determinants of Business Cycle Convergence in Euro Area. The Romanian Case

    Directory of Open Access Journals (Sweden)

    Marius-Corneliu Marinas

    2006-12-01

    Full Text Available In the OCA theory, the higher economic openness and closer economic cooperation automatically lead to the convergence of business cycles. Krugman (1993 presented and alternative view on this issue. In his opinion, closer trade ties result in better allocation of resources and higher output specialization of individual countries. As the industrial production in individual countries is becoming narrowly specialized, economies of such countries become more vulnerable and more predisposed to respond to shocks asymmetrically. The probability that shocks will be asymmetric or have asymmetric impact depends on the structure of the economy. If the structure of the economy is significantly different from the euro area, even the same shocks may have a different impact on a country and lead to asynchronous business cycle.

  5. Determinants of Business Cycle Convergence in Euro Area. The Romanian Case

    Directory of Open Access Journals (Sweden)

    Marius-Corneliu Marinas

    2006-10-01

    Full Text Available In the OCA theory, the higher economic openness and closer economic cooperation automatically lead to the convergence of business cycles. Krugman (1993 presented and alternative view on this issue. In his opinion, closer trade ties result in better allocation of resources and higher output specialization of individual countries. As the industrial production in individual countries is becoming narrowly specialized, economies of such countries become more vulnerable and more predisposed to respond to shocks asymmetrically. The probability that shocks will be asymmetric or have asymmetric impact depends on the structure of the economy. If the structure of the economy is significantly different from the euro area, even the same shocks may have a different impact on a country and lead to asynchronous business cycle.

  6. On periodic solutions of Goodwin's business cycle model with only floor in induced investment

    Science.gov (United States)

    Antonova, A. O.; Reznik, S. N.; Todorov, M. D.

    2013-10-01

    We present here an analytical solution of Goodwin's business cycle model in the form of delay differential equation with fixed delay θ and piecewise linear accelerator with only the floor (or the ceiling). We conclude that in this model the time behavior of the solution similar to Goodwin's limit cycle is not possible. These solution looks similar to the oscillation with a period θ, the amplitude of the oscillation growing exponentially to infinity as t →∞. The conditions for existence of the periodic solution in Goodwin's model with fixed delay for the nonlinear accelerator are also discussed.

  7. Accounting for the Great Recession in the UK: Real Business Cycles and Financial Frictions

    OpenAIRE

    Jagjit S. Chadha; Warren, James

    2012-01-01

    Using the business cycle accounting (BCA) framework pioneered by Chari, Kehoe and McGratten (2006) we examine the 2008-09 recession in the UK. There has been much commentary on the financial causes of this recession, which we might have expected to shock the equation governing the intertemporal rate of substitution in consumption. However, the recession appears to have been mostly driven by shocks to the efficiency wedge in total production, rather than the intertemporal consumption, labour o...

  8. LIQUIDITY AND THE BUSINESS CYCLE: EMPIRICAL EVIDENCE FROM THE GREEK BANKING SECTOR

    OpenAIRE

    Vogiazas Sophocles; Alexiou Constantinos

    2013-01-01

    In the aftermath of the global financial turmoil the negative market sentiment and the challenging macroeconomic environment in Greece have severely affected the banking sector, which faces funding and liquidity challenges, deteriorating asset quality, and weakening profitability. This paper aims to investigate how banks’ liquidity interacted with solvency and the business cycle during the period 2004-2010. To this end a panel of 17 Greek banks is utilized ...

  9. FOREIGN EXCHANGE INTERVENTION AND THE POLITICAL BUSINESS CYCLE: A PANEL DATA ANALYSIS

    OpenAIRE

    2005-01-01

    By combining expansionary open market operations with sales of foreign exchange, the central bank can expand the monetary base without depreciating the exchange rate. Thus, if there is a monetary political business cycle, sales of foreign exchange are especially likely before elections. Our panel data analysis for up to 158 countries in 1975-2001 supports this hypothesis. Foreign exchange reserves relative to trend GDP depend negatively on the pre-election index regardless of the exchange rat...

  10. Open Market Operations as a Monetary Policy Shock Measure in a Quantitative Business Cycle Model

    OpenAIRE

    Heer, Burkhard; Schabert, Andreas

    2000-01-01

    This paper presents a business cycle analysis of monetary policy shocks measured by disturbances to open market operations, i.e. the ratio of open market papers to non-borrowed reserves. We find empirical evidence for the usefulness of this policy measure, as it predicts significant declines in output, M1 growth, and prices, as well as a significant rise in interest rates after a monetary contraction. We develop a dynamic general equilibrium model with financial intermediation where monetary ...

  11. Analysis of Types of Oscillations in Goodwin's Model of Business Cycle

    Science.gov (United States)

    Antonova, A. O.; Reznik, S. N.; Todorov, M. D.

    2010-11-01

    Types of solutions of the Goodwin business cycle model with the fixed investment time lag have been numerically studied. It is shown that the long-periodic Goodwin's oscillations are excited by the independent investment A in case A exceeds a threshold. If A falls below the threshold, then there are only sawtooth oscillations with a period equal to the investment time lag. Near the threshold, the time behavior of the income is irregular.

  12. A Neoclassical Analysis of the Asian Crisis: Business Cycle Accounting of a Small Open Economy

    OpenAIRE

    Keisuke Otsu

    2007-01-01

    This paper applies the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the recent crises in Hong Kong, Korea, Singapore and Thailand. The key common features of these crises are the sudden output collapses and consumption drops as large as the output drops. Quantitative results show that the sudden drops in total factor productivity are important in explaining the output drops. Distortions in the foreign ...

  13. The Time-Varying Relationship between Mortality and Business Cycles in the USA.

    Science.gov (United States)

    Lam, Jean-Paul; Piérard, Emmanuelle

    2017-02-01

    We examine the relationship between total mortality, deaths due to motor vehicle accidents, cardiovascular disease and measures of business cycles for the USA, using a time-varying parameter model for the periods 1961-2010. We first present a theoretical model to outline the transmission mechanism from business cycles to health status, to motivate our empirical framework and to explain why the relationship between mortality and the economy may have changed over time. We find overwhelming evidence of structural breaks in the relationship between mortality and business cycles over the sample period. Overall, the relationship between total mortality, cardiovascular mortality and the economy has become less procyclical over time and even countercyclical in recent times for certain age groups. Deaths due to motor vehicle accidents have remained strongly procyclical. Using drugs and medical patent data and data on hours worked, we argue that important advances in medical technology and changes in the effects that working hours have on health are important reasons for this time-varying relationship. Copyright © 2015 John Wiley & Sons, Ltd.

  14. Liquidity and the business cycle: Empirical evidence from the Greek banking sector

    Directory of Open Access Journals (Sweden)

    Vogiazas Sophocles

    2013-01-01

    Full Text Available In the aftermath of the global financial turmoil the negative market sentiment and the challenging macroeconomic environment in Greece have severely affected the banking sector, which faces funding and liquidity challenges, deteriorating asset quality, and weakening profitability. This paper aims to investigate how banks’ liquidity interacted with solvency and the business cycle during the period 2004-2010. To this end a panel of 17 Greek banks is utilized which, in conjunction with cointegrating techniques and one-way static and dynamic panel models, explores the presence and the strength of the relationship between banks’ liquidity and the business cycle, while allowing for the role of banks’ solvency. Addressing the liquidity risk of the Greek banking sector and the liquidity-solvency nexus remains largely an uncharted area. The results generated provide clear-cut evidence on the linkages between banks’ market liquidity and the business cycle, as reflected in the real GDP and the effective exchange rate. Yet the results display a transmission channel that runs from banks’ solvency to liquidity and from country risk to bank risk.

  15. IS READY ROMANIA FOR EURO ADOPTION? FROM STRUCTURAL CONVERGENCE TO BUSINESS CYCLE SYNCHRONIZATION

    Directory of Open Access Journals (Sweden)

    Marinas Marius - Corneliu

    2011-12-01

    Full Text Available The objective of this study is to identify gaps between economic and commercial structures between Romania and the euro area and to explain whether the results obtained justify recently decision to delay euro adoption beyond 2015. According to theory of optimum currency areas, the existence of similar economic structures, increasing trade integration and synchronization of business cycles with monetary union will provide greater symmetry of shocks between Romania and the euro area. If the shocks are more symmetrical, then common monetary policy of the European Central Bank will act as a tool to neutralize the shocks in the case of Romania, and the euro adoption would have fewer adverse effects. To meet the research objective, we have structured this paper into three parts. In the first part we referred to the importance of the proposed theme in the economic literature. In the second part, we used several statistical methods to identify how divergent is Romania relative to the euro area economies. The results obtained show increasing divergence between economic structures until 2009 year using the NACE 6 methodology. In fact, Romania has the most divergent structure in EU-27 countries, being characterized by lowest contribution of services to GDP. However, structural differences do not constitute an obstacle to euro adoption, as long as Romania becomes more commercially integrated with other European countries. Thus, Romania is the seventh economy in terms of trade with the EU-27 (73.3% of exports and 74.3% of imports, and the degree of convergence between the structure of exports and imports have increased significantly compared with 2000 year. In the third part, we estimated the degree of synchronization of business cycles between Romania and the euro area, based on Hodrick-Prescott filter. Results showed an increasing correlation of business cycles as a result of increasing industrial activity and export synchronization.

  16. On business cycles synchronization in Europe: A note on network analysis

    Science.gov (United States)

    Matesanz, David; Ortega, Guillermo J.

    2016-11-01

    In this paper we examine synchronization in European business cycles from 1950 to 2013. Herein we further investigate previous and controversial results that arise from complex network analysis of this topic. By focusing on the importance of different configurations in the commonly used rolling windows and threshold significance levels, we find that selections are critical to obtaining accurate networks. Output co-movement and connectivity show no appreciable changes during the beginning of the Euro period, but rather dramatic jumps are observed since the outbreak of the global financial crisis. At this time, previous lead/lag effects disappeared and in-phase synchronization across Europe was observed.

  17. Born at the right time? Childhood health and the business cycle.

    Science.gov (United States)

    Angelini, Viola; Mierau, Jochen O

    2014-05-01

    We analyze the relationship between the state of the business cycle at birth and childhood health. We use a retrospective survey on self-reported childhood health for ten Western European countries and combine it with historically and internationally comparable data on the Gross Domestic Product. We validate the self-reported data by comparing them to realized illness spells. We find a positive relationship between being born in a recession and childhood health. This relationship is not driven by selection effects due to heightened infant mortality during recessions. Placebo regressions indicate that the observed effect is not spurious.

  18. Bank Credit Risk Management and Rating Migration Analysis on the Business Cycle

    Directory of Open Access Journals (Sweden)

    Dimitris Gavalas

    2014-03-01

    Full Text Available Credit risk measurement remains a critical field of top priority in banking finance, directly implicated in the recent global financial crisis. This paper examines the dynamic linkages between credit risk migration due to rating shifts and prevailing macroeconomic conditions, reflected in alternative business cycle states. An innovative empirical methodology applies to bank internal rating data, under different economic scenarios and investigates the implications of credit risk quality shifts for risk rating transition matrices. The empirical findings are useful and critical for banks to align to Basel guidelines in relation to core capital requirements and risk-weighted assets in the underlying loan portfolio.

  19. Turning points in nonlinear business cycle theories, financial crisis and the 2007-2008 downturn.

    Science.gov (United States)

    Dore, Mohammed H I; Singh, Ragiv G

    2009-10-01

    This paper reviews three nonlinear dynamical business cycle theories of which only one (The Goodwin model) reflects the stylized facts of observed business cycles and has a plausible turning point mechanism. The paper then examines the US (and now global) financial crisis of 2008 and the accompanying downturn in the US. The paper argues that a skewed income distribution could not sustain effective demand and that over the 2001-2006 expansion demand was maintained through massive amounts of credit, with more than 50 percent of sales in the US being maintained through credit. A vector autoregression model confirms the crucial role played by credit. However legislative changes that dismantled the restrictions placed on the financial sector after the crash of 1929 and the consequent structural changes in the financial sector after 1980 enabled the growth of new debt instruments and credit. But overexpansion of credit when profits and house prices were declining in 2005/06 led to a nonlinear shift due to a new realization of the poor quality of some of this debt, namely mortgage backed securities. Bankruptcies, followed by retrenchment at the banks, then led to the bursting of the credit bubble, with the possibility of a severe recession.

  20. Credit Default and Business Cycles: An Empirical Investigation of Brazilian Retail Loans

    Directory of Open Access Journals (Sweden)

    Arnildo da Silva Correa

    2014-09-01

    Full Text Available We use microdata from the Credit Information System (SCR of the Central Bank of Brazil to study the relationship between credit default and business cycles. In particular, we study the first part of the argument underlying the discussion about procyclicality related to the Basel II Accord: that recessions might increase credit defaults and have adverse impacts on the losses in portfolios of lender institutions. We explore both time series and cross-sectional variation in the data. Our data on the individual level are composed of retail loan transactions in two modalities-Consumer Credit and Vehicle Financing-from 2003 to 2008. Our results support the idea of a negative relationship between business cycles and credit default, but less strong than suggested in previous studies that use corporate data. We also find low and dispersed default correlations, and smaller losses in Value at Risk (VaR experiments than those found in the literature. These results may be possibly explained by the fact that, in the retail sector, loans are given to a large number of individuals, which may help to diversify risks.

  1. The troika of business cycle, efficiency and volatility. An East Asian perspective

    Science.gov (United States)

    Arshad, Shaista; Rizvi, Syed Aun R.

    2015-02-01

    The EMH has been the subject of much debate over the past few decades, with a recent surge in interest in Asian markets. Asian markets which traditionally comprise of many emerging markets are more volatile and speculative in nature. The heart of our study focuses on the East Asian economies, which have experienced massive capital inflows. This begs the question of whether or not the stock markets are efficient enough for further investment and development. Our paper differs from existing literature as it focuses on deriving weak form efficiency rankings during different business cycle phases. We endeavour further to assess the volatility and business cycle phases. Taking Malaysia, Indonesia, Singapore and South Korea owing to their economic and financial development, we use MF-DFA to derive efficiency rankings and find firstly, the overall efficiency has improved over the past two decades and secondly, markets are more efficient in growth phases in comparison to its preceding decline. Similarly, employing wavelet decomposition in conjunction with EGARCH, we obtain volatility of stock markets in two distinct time horizons, i.e. short term and long term. We find the markets to be more stable during economic boom than its preceding bust. Our results confer with mainstream literature.

  2. Coupled Oscillator Model of the Business Cycle withFluctuating Goods Markets

    Science.gov (United States)

    Ikeda, Y.; Aoyama, H.; Fujiwara, Y.; Iyetomi, H.; Ogimoto, K.; Souma, W.; Yoshikawa, H.

    The sectoral synchronization observed for the Japanese business cycle in the Indices of Industrial Production data is an example of synchronization. The stability of this synchronization under a shock, e.g., fluctuation of supply or demand, is a matter of interest in physics and economics. We consider an economic system made up of industry sectors and goods markets in order to analyze the sectoral synchronization observed for the Japanese business cycle. A coupled oscillator model that exhibits synchronization is developed based on the Kuramoto model with inertia by adding goods markets, and analytic solutions of the stationary state and the coupling strength are obtained. We simulate the effects on synchronization of a sectoral shock for systems with different price elasticities and the coupling strengths. Synchronization is reproduced as an equilibrium solution in a nearest neighbor graph. Analysis of the order parameters shows that the synchronization is stable for a finite elasticity, whereas the synchronization is broken and the oscillators behave like a giant oscillator with a certain frequency additional to the common frequency for zero elasticity.

  3. A survival analysis of the contraction phases of business cycles in industrial countries

    Directory of Open Access Journals (Sweden)

    Yildirim Nuri

    2015-01-01

    Full Text Available This study tried to determine whether systematic changes have taken place in the size (amplitude and duration (length of business cycle phases in industrial countries over the past half century and to analyze, by using two parametric duration models, mainly, Gompertz and Weibull models, the possible effects of some macroeconomic variables, such as labor productivity growth, inflation, real interest rate, openness, oil prices, and gross saving rate, on the duration of the contraction phases of business cycles. The reference turning point chronology elaborated by the OECD for 23 industrial countries for the post-1956 period was used. The sample included 258 expansions and 267 contraction spells. The widespread belief that the length of expansions has, on average, become longer and that of contractions has become shorter over time was not supported in our sample. There is sufficient evidence of monotonically increasing hazard rates for both contraction and expansion durations; i.e., the spells are positively duration-dependent. Regarding the impacts of covariates on the hazard rate of contractions, the saving rate, openness, productivity growth, and size (depth were found to have significant positive impacts, whereas the real interest rates have a negative effect. Inflation, oil prices, and length of previous expansion period have no significant impact on contraction durations.

  4. Unlocking how start-ups create business value with mobile applications: Development of an App-enabled Business Innovation Cycle

    NARCIS (Netherlands)

    Ehrenhard, Michel; Wijnhoven, Fons; Broek, van den Tijs; Zinck Stagno, Marc

    2017-01-01

    Little is known about the business value that mobile applications (apps) can create, and how start-ups can leverage this value. We present a multiple-case study to both explain the process of app-enabled value creation and the type of value outcomes associated with the use of apps for business purpo

  5. Unlocking how start-ups create business value with mobile applications: Development of an App-enabled Business Innovation Cycle

    NARCIS (Netherlands)

    Ehrenhard, Michel; Wijnhoven, Fons; Broek, van den Tijs; Zinck Stagno, Marc

    2016-01-01

    Little is known about the business value that mobile applications (apps) can create, and how start-ups can leverage this value. We present a multiple-case study to both explain the process of app-enabled value creation and the type of value outcomes associated with the use of apps for business purpo

  6. The benefits of bad economies: Business cycles and time-based work-life conflict.

    Science.gov (United States)

    Barnes, Christopher M; Lefter, Alexandru M; Bhave, Devasheesh P; Wagner, David T

    2016-04-01

    Recent management research has indicated the importance of family, sleep, and recreation as nonwork activities of employees. Drawing from entrainment theory, we develop an expanded model of work-life conflict to contend that macrolevel business cycles influence the amount of time employees spend on both work and nonwork activities. Focusing solely on working adults, we test this model in a large nationally representative dataset from the Bureau of Labor Statistics that spans an 8-year period, which includes the "Great Recession" from 2007 through 2009. We find that during economic booms, employees work more and therefore spend less time with family, sleeping, and recreating. In contrast, in recessionary economies, employees spend less time working and therefore more time with family, sleeping, and recreating. Thus, we extend the theory on time-based work-to-family conflict, showing that there are potential personal and relational benefits for employees in recessionary economies.

  7. The Short-Run and Long-Run Relationships between Mortality and the Business Cycle in Canada

    Directory of Open Access Journals (Sweden)

    Zuzana Janko

    2013-01-01

    Full Text Available This paper investigates the relationship between health and the business cycle for the Canadian economy. The majority of existing literature shows a procyclical relationship between death rates and indicators of the business cycle, suggesting that recessions are good for one’s health. We use a time series error correction model to determine the short-run and long-run impacts of the unemployment rates on death rates. Our results indicate that temporary slowdowns in economic activity are associated with lower death rates. Moreover, once we stratify the data by sex, we find a long-run negative relationship between the unemployment rate and death rates for both sexes.

  8. Application of Life Cycle Assessment for Corporate Sustainability : Integrating environmental sustainability in business for value creation

    NARCIS (Netherlands)

    Manda, B.M.K.

    2014-01-01

    The main objective of this research is to make a contribution to bridge the gap between sustainability science and business management by improving the integration of sustainability in core business of corporations. The core business of corporations is to provide products and services to meet societ

  9. MARKET CHANGES, BUSINESS CYCLES AND FLUCTUATIONS IN ELECTRICITY PRICES - EU EVIDENCE FROM GERMANY AND SLOVENIA

    Directory of Open Access Journals (Sweden)

    France Križanič

    2013-01-01

    Full Text Available This article deals with interesting oscillation pattern in electricity prices during the period of EU electric power supply liberalization process, its transition from infrastructure to market activity and during last economic crisis, when at first prices declined significantly, to be raised afterward and start to decline again during the last recession. Using empirical evidence from Germany and Slovenia and based on short theoretical background we try to explain how can such strong oscillations occur and what we can expect in the future? It was discovered that such oscillations can be connected with business cycles dynamic, only that electricity prices oscillations proved to be even stronger unless a major technological breakthrough occurs in the way energy is produced or spent. Economic growth affects electricity prices even in relative terms, causes growth in prices with respect to inflation and vice versa. To conclude, we can expect relative growth of electric power prices together with economic recovery in the near future, but growth should be moderately slower than growth of real GDP.

  10. MEMBANGUN EARLY WARNING INDICATORS PERGERAKAN KURS DI INDONESIA: PENGEMBANGAN BUSINESS CYCLE ANALYSIS

    Directory of Open Access Journals (Sweden)

    Andra Devi Benazir

    2011-08-01

    Full Text Available The economic crisis in 1997/1998 that was signed by depreciation rupiah almost destroyed the pillars of the economy. This exchange rate shock possibly will happen in the future like that happened in August 2007. At the same time, rupiah falled to the lowest level Rp. 9.410 per dollar (the exchange rate use the last month in August 2007. The exchange rate of its daily until above Rp 9.500 per dollar (Sadewa, 2007. Therefore, it was needed indicator of theearly detection with build leading indicators the movement of the exchange rate in Indonesia. The purpose of this research is building leading indicators the movement of the exchangerate in Indonesia. It could give the capacity forecasting of the Indonesian economy of the movement direction in a manner the aggregate with the Business Cycle Analysis method andIts development. Empirical results showed that is received by four leading indicators and four coincident indicators. The real export, the real import, foreign currency deposit, and forexbanks demand deposits in foreign currency became the moving indicator preceded the exchange rate. Whereas, there are four indicators to coincident was foreign assets, interbank call money rate 1 day, the German share index (DAX, and the USA share index (Nasdaq. This condition indicated that the exchange rate rupiah really was affected by the external factor.

  11. Business cycle effects on commercial bank loan portfolio performance in developing economies

    Directory of Open Access Journals (Sweden)

    Jack Glen

    2011-04-01

    Full Text Available This paper studies the effects of business cycles on the performance of commercial bank loan portfolios across major developing economies in the period 1996–2008. We measure loan performance via loan loss provisions (that is, recognized expenses related to expected losses in bank income statements. Our results indicate that while economic growth is the main driver of loan portfolio performance, interest rates have second-order effects. Furthermore, we find the relationship between loan loss provisions and economic growth to be highly non-linear only under extreme economic stress: GDP growth needs to decline by more than 6 percentage points (pp, in absolute terms in order to generate an increase in loan loss provisions equivalent to median emerging market bank profits; while a decline of more than 10 pp in growth implies significant capital losses, of at least 20 percent, for the median emerging market bank. In addition, we find higher loan loss provisions are associated with private sector leverage, poor loan portfolio quality, and lack of banking system penetration and capitalization.

  12. Analysis of the Stability and Hopf Bifurcation of Currency Supply Delay in an Opened Kaldorian Business Cycle Model

    Directory of Open Access Journals (Sweden)

    Liming Zhao

    2016-01-01

    Full Text Available First of all, we establish a three-dimension open Kaldorian business cycle model under the condition of the fixed exchange rate. Secondly, with regard to the model, we discuss the existence of equilibrium point and the stability of the system near it with a time delay in currency supply as the bifurcating parameters of the system. Thirdly, we discuss the existence of Hopf bifurcation and investigate the stability of periodic solution generated by the Hopf bifurcation; then the direction of the Hopf bifurcation is given. Finally, a numerical simulation is given to confirm the theoretical results. This paper plays an important role in theoretical researching on the model of business cycle, and it is crucial for decision-maker to formulate the macroeconomic policies with the conclusions of this paper.

  13. A study on the complexity of a business cycle model with great excitements in non-resonant condition

    Energy Technology Data Exchange (ETDEWEB)

    Ma Junhai [School of Management, Tianjin University, Tianjin 300072 (China); Tianjin University of Finance and Economics, Tianjin 300222 (China)], E-mail: mjhtju@yahoo.com.cn; Cui Yaqiang; Liulixia [School of Management, Tianjin University, Tianjin 300072 (China)

    2009-03-15

    Based on the researches of Szydlowski and Krawiec, we studied the inherent complexity of a chaotic business cycle with great excitements in non-resonant condition. First, we got the first-order and second-order approximate solutions of the system by using multiple scale method. Then deduced the formulation reflecting the complex relations between vibration, phase, bifurcation parameter {mu} and excite frequency {omega} of first-order solution. As the great excitement F varied, the global changes of the system solutions were analyzed. We also explored the different paths leading the systems with different parameter combinations into catastrophe region, fuzzy region or chaos region. Finally, we discussed the evolution trends of business cycle models under the above-mentioned conditions. Hence, this paper has some theoretical and practical significance.

  14. Roadmap for the European Platform on Life Cycle Assessment: facilitating data collection and sustainability assessments for policy and business

    OpenAIRE

    2013-01-01

    After its debut in the European Commission‟s Integrated Product Policy (COM (2003)302) as the “best framework for assessing the potential environmental impacts of products”, Life Cycle Assessment (LCA) has become increasingly essential in support of community policies and business. Focus has been primarily on establishing agreed methods, both within Europe and internationally. The EC‟s European Platform on LCA has continued to address the equally essential issue of data availability, coherenc...

  15. Is There a Direct Effect of Money?: Money's Role in an Estimated Monetary Business Cycle Model of the Japanese Economy

    OpenAIRE

    Ippei Fujiwara

    2003-01-01

    In this paper, I estimate the monetary business cycle model of the Japanese economy by the method advocated by Ireland (2002a), the max- imum likelihood estimation of the dynamic stochastic general equilibrium model in a state-space representation. The model estimated here includes the direct role of money on output and inflation so that we could study the alternative transmission mecha- nism of monetary policy to traditional interest rate channel, which may even work under the zero nominal i...

  16. Business Cycles in Small Developed Economies; The Role of Terms of Trade and Foreign Interest Rate Shocks

    OpenAIRE

    2008-01-01

    Empirical evidence for small developed economies finds that consumption is procyclical and as volatile as output, and real net exports are coutercyclical. Earlier studies have not been able to reproduce these regularities in a DSGE small open economy model when productivity shocks drive the business cycles and households have a normal intertemporal elasticity of substitution. Instead, these studies have reduced this elasticity to make consumption more procyclical and volatile and real net exp...

  17. Radiation exposure of German aircraft crews under the impact of solar cycle 23 and airline business factors.

    Science.gov (United States)

    Frasch, Gerhard; Kammerer, Lothar; Karofsky, Ralf; Schlosser, Andrea; Stegemann, Ralf

    2014-12-01

    The exposure of German aircraft crews to cosmic radiation varies both with solar activity and operational factors of airline business. Data come from the German central dose registry and cover monthly exposures of up to 37,000 German aircraft crewmembers that were under official monitoring. During the years 2004 to 2009 of solar cycle 23 (i.e., in the decreasing phase of solar activity), the annual doses of German aircraft crews increased by an average of 20%. Decreasing solar activity allows more galactic radiation to reach the atmosphere, increasing high-altitude doses. The rise results mainly from the less effective protection from the solar wind but also from airline business factors. Both cockpit and cabin personnel differ in age-dependent professional and social status. This status determines substantially the annual effective dose: younger cabin personnel and the elder pilots generally receive higher annual doses than their counterparts. They also receive larger increases in their annual dose when the solar activity decreases. The doses under this combined influence of solar activity and airline business factors result in a maximum of exposure for German aircrews for this solar cycle. With the increasing solar activity of the current solar cycle 24, the doses are expected to decrease again.

  18. Evaluation of asset replacement strategies considering economic cycles: lessons from the machinery rental business

    NARCIS (Netherlands)

    Grössler, A.; Bivona, E.; Fuzhuang, L.

    2015-01-01

    In businesses with heavy capital investments, the effective management of assets is crucial, in particular in the fleet rental business where assets are the major source of revenues. One important question in this regard concerns the replacement of used assets and the purchase of new assets. Thus, t

  19. The relationship between macroeconomic and industry-specific business cycle indicators and workrelated injuries among Danish construction workers

    DEFF Research Database (Denmark)

    Nielsen, Kent Jacob; Lander, F.; Lauritsen, J. M.

    2015-01-01

    Objectives The current study examines and compares the relationship between both macroeconomic and industry-specific business cycle indicators, and work-related injuries among construction workers in Denmark using emergency department (ED) injury data and also officially reported injuries...... to the Danish Working Environment Authority (WEA). Methods The correlations between ED and WEA injury data from the catchment area of Odense University Hospital during the period 1984–2010 were tested separately for variability and trend with two general macroeconomic indicators (gross domestic product...

  20. Life cycle assessment of hybrid vehicles recycling: Comparison of three business lines of dismantling.

    Science.gov (United States)

    Belboom, Sandra; Lewis, Grégory; Bareel, Pierre-François; Léonard, Angélique

    2016-04-01

    This paper undertakes an environmental evaluation of hybrid vehicles recycling, using industrial data from Comet Traitement SA in Belgium. Three business lines have been modelled and analysed. The first one is relative to the business as usual with a dismantling to recover batteries and engines followed by shredding and post shredding treatments. The second one considers, in addition, the removal of electronic control units (ECU) before shredding followed by same steps than in the first line and the last one is relative to the additional removal of big plastic parts before shredding and business as usual post shredding treatments. Results show non-significant environmental benefits when ECU or large parts of plastics are recovered before shredding. Improvements in terms of environmental benefits are lower than the uncertainty of the results. Indeed, the performing usual process for end-of-life vehicles (ELV) treatment reaches 97% of the ELV which is valorised in terms of metal and energy recoveries. Post shredding treatment units include metals, plastics and energy recovery of residues. Comet business as usual route for ELV valorisation is in accordance with the requirements of the European directive and recommendations for further improvement with dismantling of other parts (ECU or plastics) before shredding are non-relevant in this case.

  1. Transitions to Chaos in a Seven-Equation Model of the Business Cycle with Income Redistribution and Private Debt

    Science.gov (United States)

    Colacchio, Giorgio

    In the present paper, we investigate the chaotic implications of a seven-equation model of the business cycle. The main distinguishing features of the model are related to: (a) the role played by the bargaining power in the process of income redistribution; (b) the consideration of hysteresis effects on workers’ consumption demand; (c) the effect of public expenditure on labor productivity. In addition, the role played by the agents’ memory on the actual dynamics of the economic system, with particular regard to their learning-by-doing process, is particularly emphasized. Under all these assumptions, the system exhibits a rich and complex phenomenology, characterized by a number of transitions to chaos (in particular via sequences of period doubling bifurcations), aperiodic behavior, bistability, tristability, etc. We maintain that our analysis takes us another step forward in the building of a more general model of the business cycle. In particular, the model we propose may be of help in the explanation of some peculiar features of advanced capitalist economies, with particular regard to the role played by the State in the determination of agents’ disposable income, to the debt dynamics of the various macroagents, and to the main dilemmas of economic policy. More in general, the main lesson one learns from our investigation is that “disequilibrium paths”, characterized by “complicated” dynamics which, more often than not, takes the form of aperiodic motion, should be considered as the “normal” state of the system.

  2. Disability, capacity for work and the business cycle: An international perspective

    OpenAIRE

    Benítez Silva, Hugo; Disney, Richard; Jiménez-Martín, Sergi

    2009-01-01

    An important policy issue in recent years concerns the number of people claiming disability benefits for reasons of incapacity for work. We distinguish between ‘work disability’, which may have its roots in economic and social circumstances, and ‘health disability’ which arises from clear diagnosed medical conditions. Although there is a link between work and health disability, economic conditions, and in particular the ‘business cycle’ and variations in the risk of unemployment over time and...

  3. Business cycles and the financial performance of fuel cell companies. Paper no. IGEC-1-074

    Energy Technology Data Exchange (ETDEWEB)

    Henriques, I.; Sadorsky, P. [York Univ., Schulich School of Business, Toronto, Ontario (Canada)]. E-mail: ihenriqu@schulich.yorku.ca; psadorsk@schulich.yorku.ca

    2005-07-01

    While most business owners are likely to admit that the economic performance of the economy has some impact on their business, there has been relatively little statistical work done to measure just how sensitive the financial performance of fuel cell firms is to changes in macroeconomic activity. In this paper, a four variable vector autoregression model is developed and estimated in order to investigate the empirical relationship between stock prices, oil prices and interest rates. Our results show the stock prices of fuel cell companies to be impacted by shocks to technology stock prices and oil prices. Technology stock price shocks have a longer lasting and greater (in terms of magnitude) impact on the stock prices of fuel cell companies then oil price shocks. These results add to a small but growing literature showing that oil price movements are not as important as once thought because investors view fuel cell companies as similar to other high technology companies. These results should be of use to investors, managers and policy makers. (author)

  4. Tripartite analysis across business cycles in Turkey: A multi-timescale inquiry of efficiency, volatility and integration

    Directory of Open Access Journals (Sweden)

    Shaista Arshad

    2014-12-01

    Full Text Available In the current era of globalization, deregulation and liberalization of markets have led to financial integration amongst developing and developed countries. The sudden massive inflow of capital into developing country's stock markets begs the question of whether or not the markets are sufficiently efficient to handle the increasing integration of markets. Furthermore, the relationship between the integration and efficiency of stock markets tends to be of greater importance during economic downturns. Taking Turkey as a case study owing to its economic growth and importance in two successful blocs, i.e. the EU and the OIC, we attempt to analyse the linkages between stock market efficiency and integration during the different phases of the economy. The findings of our study provide an interesting insight into the relative improvement in volatility, efficiency and integration across business cycles, in a multi time scale analysis.

  5. International Gold Market, Stock Market and Business Cycles: the Central and Eastern European Countries

    Directory of Open Access Journals (Sweden)

    Viorica Chirila

    2013-02-01

    Full Text Available During theeconomic recession periods, gold investments seem to become very importantbecause gold is considered a means to preserve the investment value. Gold has also maintained thisfeature during the financial and economic crisis that occurred at the end of theyear 2007. Althoughthe inflation rate has recorded significant increases, the investment in gold has kept its value becausethe price of gold has increased. After the beginning of the financial and economic crisis the price ofgold has also recorded a significant increase in volatility. The aims of this study focus on thecomparative analysis of the gold price cycles and the stock market cycles in the Central and EastEurope as well as the determination of the return of gold investment on the return and risk of stockmarkets in these countries. The results obtained confirm that both the return and the risk in some ofthe stock markets under analysis are influenced by the return of gold investment.

  6. REDISCOVERING MISES-HAYEK MONETARY AND BUSINESS CYCLE THEORY IN LIGHT OF THE CURRENT CRISIS: CREDIT EXPANSION AS A SOURCE OF ECONOMIC BOOM AND BUST

    Directory of Open Access Journals (Sweden)

    Marcin Mrowiec

    2013-10-01

    Full Text Available The article starts with a brief description of Mises’ monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is described how Mises’ insights constituted the kernel of Austrian Business Cycle Theory, and how the same observations on the nature of credit constituted the kernel of the Chicago Plan (though Mises’ views on the nature of credit led him to different conculsions than it led the authors of the Chicago Plan, and how this plan is being “rediscovered” now. The following sections deal with observations of one of the preeminent current macroeconomic researches, Mr. Claudio Borio, on the elasticity of credit as the source of the current crisis, and on the importance of the financial cycle in analysing the current economic crisis. The author of this text demonstrates that Austrian Business Cycle Theory gave the same answer regarding the sources of economic crises that now modern macroeconomic theory seems to be approaching, and that the postulates for successful financial cycle modeling are already included in the ABCT. Finally, some observations on the current crisis, as well as proposals of avenues of further research are proposed.

  7. Oil prices and the U.S. business cycle; Le prix du petrole et la conjoncture economique americaine

    Energy Technology Data Exchange (ETDEWEB)

    Lescaroux, F

    2006-06-15

    The recent surge in oil prices rakes up old fears and the spectre of stagflation hangs over worldwide economic growth's forecasts. After 30 years of research however analysts still disagree about the influence of oil prices on macro-economic variations and the estimations of the consequences of a costlier barrel differ. As to the United States for example, elasticities between real GDP and oil price form a wide spectrum stretching from a value close to -1% to -11,6%. In this context, we try to identify the potential sources of instability in the oil price-macro-economy relationship in order to explain the width of this range. First we draw attention to the distinction between the effects of an upward disequilibrium and of an upturn in the equilibrium in the oil price series. This distinction lets us share the range of published results in two parts: the elasticities of real American GDP with respect to an upward imbalance and with respect to a rise in the equilibrium price would lie approximately in the ranges extending, respectively, from -1% to -5,5% and from -5% to -11,6%. We direct our work towards the analysis of the consequences of short-run variations in the oil prices on the U.S. business cycle. We identify a set of influences which condition the vulnerability of an economy and then construct an econometric sectoral and non-linear model inspired from Marshall's theory. The simulations conducted let us explain the long-run weakening in the oil price-macro-economy relationship and highlight the prominent part played by imported inflation and monetary policy in the crisis of the 70's and 80's. According to the values of the structural factors in the model and to the shape of the oil price short-run disequilibrium, the elasticities evaluated cover the whole range of published elasticities. (author)

  8. How Small Businesses Market Their Products during the Different Phases of the Product Life Cycle: The Case of Swedish Ice Cream Manufacturers

    Directory of Open Access Journals (Sweden)

    Annika Hallberg

    2014-05-01

    Full Text Available The Swedish ice cream market of today is dominated by a few major market leaders, which makes it a challenge for small firms to make themselves visible and survive on a long-term basis. The aim of this article is to investigate and understand how small firms in the ice cream business market their products, based on the marketing mix and the portfolio matrix, during the different phases of the product life cycle. The combination of the two models for strategic planning enables the marketing manager to conduct a more complete analysis of existing products and their place on the market and in the product life cycle. Eight CEOs of small-scale ice cream companies were interviewed. This study found that the marketing activities and strategies of large companies cannot be transferred to and implemented in small-scale businesses. Different marketing theories are developed for big businesses that have many employees and expert knowledge, which small companies do not possess. They also have less resources and knowledge to invest in expensive marketing activities in the marketing mix, and therefore the marketing mix models need to incorporate more of inexpensive marketing.

  9. Being born under adverse economic conditions leads to a higher cardiovascular mortality rate later in life: evidence based on individuals born at different stages of the business cycle

    DEFF Research Database (Denmark)

    van den Berg, Gerard J; Doblhammer-Reiter, Gabriele; Christensen, Kaare

    2011-01-01

    since the 1870s and including the cause of death. To capture exogenous variation of conditions early in life, we use the state of the business cycle around birth. We find significant negative effects of economic conditions around birth on the individual CV mortality rate at higher ages......We connect the recent medical and economic literatures on the long-run effects of early-life conditions by analyzing the effects of economic conditions on the individual cardiovascular (CV) mortality rate later in life, using individual data records from the Danish Twin Registry covering births....... There is no effect on the cancer-specific mortality rate. From variation within and between monozygotic and dizygotic twin pairs born under different conditions, we conclude that the fate of an individual is more strongly determined by genetic and household-environmental factors if early-life conditions are poor...

  10. The Cut-off Test in the Application of Business Cycle Audit%截止测试在业务循环审计中的应用

    Institute of Scientific and Technical Information of China (English)

    张彤

    2012-01-01

    Accounting staging is the premise of accounting.Accounting periodicity limits the scope of the accounting practice time,for the accrual accounting principle,the matching principle,thus laid a foundation.The theory is based on the evolution of the accounting period,close to check out the business,often hidden misstatement risk,registered accountants often necessary financial statements in the audit schedule deadline test.Judge the same business of lending caused whether both sides in the same accounting period is widely applied in many an accounting statements in the audit items,especially in sales and receipt cycle and production cycle project audit of more typical.%会计分期是会计核算的前提之一。会计分期限定了会计核算的时间范围,为权责发生制、配比原则等会计原则奠定了理论基础。截止的理论来源于会计期间的演进,接近结账日的业务往往隐藏着错报的风险,注册会计师通常有必要在审计财务报表时安排截止日测试。判断同一业务引起的借贷双方是否在同一会计期间入账被广泛应用于许多会计报表项目的审计中,尤其以在销售与收款循环和生产循环等项目的审计中更为典型。

  11. Shock monetari e reali, ciclo economico e valore dell’euro (Monetary and Real Shocks, the Business Cycle and the Value of the Euro

    Directory of Open Access Journals (Sweden)

    Renato Filosa

    2012-04-01

    Full Text Available The appreciation of the dollar in the aftermath of the euro launch came as a surprise to most observers; furthermore, the traditional models fail to capture its dynamics. Is this a confirmation of Mussa's, Meese's and Rogoff's results, according to which no structural model can perform better than a random walk? More optimistically, this study shows that a structural VAR model of the Mundell-Fleming type satisfactorily explains the behaviour of the euro and its relationships with the fundamentals. My estimates indicate that dollar appreciation is primarily due to the cyclical strength of US demand. By contrast, they do not support the often-voiced theory that dollar appreciation is to be accounted for with the "new economy." Finally, the model shows that monetary shocks have limited effects on the exchange rate and very strong effects on inflation. This justifies the emphasis placed by central banks on the pursuit of internal objectives rather than exchange rate stability.   JEL Codes: E31, E32, E58, F31, F33Keywords: Business Cycle, Cycle, Monetary

  12. Future changes in climate, ocean circulation, ecosystems, and biogeochemical cycling simulated for a business-as-usual CO2 emission scenario until year 4000 AD

    Science.gov (United States)

    Schmittner, Andreas; Oschlies, Andreas; Matthews, H. Damon; Galbraith, Eric D.

    2008-03-01

    A new model of global climate, ocean circulation, ecosystems, and biogeochemical cycling, including a fully coupled carbon cycle, is presented and evaluated. The model is consistent with multiple observational data sets from the past 50 years as well as with the observed warming of global surface air and sea temperatures during the last 150 years. It is applied to a simulation of the coming two millennia following a business-as-usual scenario of anthropogenic CO2 emissions (SRES A2 until year 2100 and subsequent linear decrease to zero until year 2300, corresponding to a total release of 5100 GtC). Atmospheric CO2 increases to a peak of more than 2000 ppmv near year 2300 (that is an airborne fraction of 72% of the emissions) followed by a gradual decline to ˜1700 ppmv at year 4000 (airborne fraction of 56%). Forty-four percent of the additional atmospheric CO2 at year 4000 is due to positive carbon cycle-climate feedbacks. Global surface air warms by ˜10°C, sea ice melts back to 10% of its current area, and the circulation of the abyssal ocean collapses. Subsurface oxygen concentrations decrease, tripling the volume of suboxic water and quadrupling the global water column denitrification. We estimate 60 ppb increase in atmospheric N2O concentrations owing to doubling of its oceanic production, leading to a weak positive feedback and contributing about 0.24°C warming at year 4000. Global ocean primary production almost doubles by year 4000. Planktonic biomass increases at high latitudes and in the subtropics whereas it decreases at midlatitudes and in the tropics. In our model, which does not account for possible direct impacts of acidification on ocean biology, production of calcium carbonate in the surface ocean doubles, further increasing surface ocean and atmospheric pCO2. This represents a new positive feedback mechanism and leads to a strengthening of the positive interaction between climate change and the carbon cycle on a multicentennial to millennial

  13. Empirical essays on business cycles

    OpenAIRE

    Saiz Matute, Lorena

    2012-01-01

    Esta tesis consiste en cuatro ensayos empíricos relacionados con el análisis de los ciclos económicos en el contexto de la integración económica europea pero también en relación a otras economías desarrolladas. El principal coste de la integración monetaria es sacrificar la flexibilidad del tipo de cambio y la política monetaria como instrumentos de estabilización. Este coste puede llegar a ser especialmente severo en presencia de rigideces de precios y salarios y perturbaciones asimétricas. ...

  14. Business ethics

    OpenAIRE

    Duong, Thi

    2002-01-01

    The goal of this paper is to present examples of business ethics issues. What is business ethics, things concerned in this field are and why it is needed and important when doing business? The concept of business ethics has connotations to provision, rules and standards in directing the behavior of actors in the business. Business ethics involves compliance with the law, the implementation of ethical responsibilities of a business, the protection of the rights of those who are related to the ...

  15. Mediating Business

    DEFF Research Database (Denmark)

    "Mediating Business" is a study of the expansion of business journalism. Building on evidence from Denmark, Finland, Norway and Sweden, "Mediating Business" is a comparative and multidisciplinary study of one of the major transformations of the mass media and the realm of business - nationally...... and globally. The book explores the history of key innovations and innovators in the business press. It analyzes changes in the discourse of business journalism associated with the growth in business news and the development of new ways of framing business issues and events. Finally, it examines...... the organizational implications of the increased media visibility of business and, in particular, the development of corporate governance and media relations....

  16. 论我国金融经济周期及其对金融监管的启示%A Research on Financial Business Cycle of China and the Revelation of Financial Regulation

    Institute of Scientific and Technical Information of China (English)

    王征

    2012-01-01

    Financial Business Cycle is a key Problem which is faced all of world. It Shows that the financial markets is a Interfere to the economic cycle. The trend of China 's financial Business Cycle also has been strengthened. It is a need of the times to take the Research Methods of A points system. Apply the ideal of financial economic cycle to Improve our financial Regulatory is a Urgent task, it is the need of how to Guarantee the effective operation of China's financial markets and prevent financial risks.%金融经济周期是当前世界各国共同面临的一个基本问题,也是金融市场对经济周期干扰的一个突出表现。我国金融经济周期也具有不断加强的趋势。对金融与经济采取“一分法”进行分析研究已经是时代的需要。运用金融经济周期的理念搞好金融宏观监管,是保障我国金融市场有效运行、防范金融风险放大的一个根本措施。

  17. Research of Fluctuation Measurements and Characteristics of China's Aviation Industry Business Cycle%我国航空工业经济波动的定量测度与特征研究

    Institute of Scientific and Technical Information of China (English)

    杨波

    2012-01-01

    通过HP滤波法测量,认为改革开放以来我国航空工业经济发展呈现出明显的周期性波动,存在古典周期和增长周期同时并存、大起大落向高位平缓增长逐步转变、稳定性和协调性显著增强等新特征。着重从政策变迁、产业调整、技术进步等方面对我国航空工业经济周期波动的形成机理进行了分析,并据此提出烫平经济波动的对策建议。%Through the analysis of HP filtering method,china's aviation industry shows obviously cyclical fluctuation since reform,and new features of coexisting the classical cycle and growth cycle at the same time,transfering from change radically to high smoothly,enhancing of the stability and coordination.This paper analyzes formation mechanism of aviation industry business cycle from policy changing,industrial restructure,technological progress and other factors,and putting forward some advises of smoothing business cycle.

  18. Capital Adjustment, Risk Control and Business Cycle%资本调整、风险控制与宏观经济周期

    Institute of Scientific and Technical Information of China (English)

    刘胤; 吴俊; 张宗益

    2011-01-01

    本文将经济周期、市场结构等外部宏观因素,以及贷款拨备、管理效率等微观银行特征引入研究框架,构建实证检验的联立方程模型,运用GMM方法,采用2004~2009年23家主要城市商业银行数据,从周期性特征的视角对其资本和风险调整的内生互动行为及其影响因素进行实证分析。结果显示,中国城市商业银行资本和风险调整行为之间存在非对称互动影响,其风险行为呈现明显的周期性;盈利能力、成本管理效率对城市商业银行提升资本水平作用有限;严格的资本监管、市场集中度的降低都有利于城市商业银行提升资本充足水平,但对其降低风险的作用有限。%The paper introduces macro-economic factors, such as business cycle and market structure, and bank's microcharacteristics, such as loan povisioning and management efficiency into the analysis framework, and establishes a simultaneous equations model. With the data of 23 major city commercial banks between 2004 and 2009, GMM is employed to empirically analyze the endogenous interaction relationship between capital adjustment and risk-taking adjustment and affecting factors from the perspective of cyclical characteristics. The results show that the association between changes in capital and risk is asymmetric; the risk-taking behaviors are cyclical; earnings power and cost management efficiency fail to show significant impact on capital increase; both strict capital regulation and the decrease of bank concentration have positive impact on capital adequacy, but their influence on reducing risk is limited.

  19. Family Business and Careers: Classic and Contemporary Issues.

    Science.gov (United States)

    Lucaccini, Luigi F.; Muscat, Eugene J.

    2001-01-01

    Presents models and life-cycle stages of family businesses and issues that have an impact on family business careers. Addresses the roles of career counselors and human resource professionals in supporting family businesses. (SK)

  20. Business intelligence

    Directory of Open Access Journals (Sweden)

    Cebotarean Elena

    2011-02-01

    Full Text Available Business intelligence (BI refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes. BI technologies provide historical, current, and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, business performance management, benchmarking, text mining, and predictive analytics. Business intelligence aims to support better business decision-making. Thus a BI system can be called a decision support system (DSS. Though the term business intelligence is sometimes used as a synonym for competitive intelligence, because they both support decision making, BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors. Business intelligence understood broadly can include the subset of competitive intelligence.

  1. 基于扩散指数模型的房地产市场景气循环研究--以北京市为例%Beijing Real Estate Market Business Cycle Study Based on Diffusion Index Model

    Institute of Scientific and Technical Information of China (English)

    张红; 孙煦

    2014-01-01

    基于扩散指数模型构建房地产市场景气循环指标体系,采用北京市住宅市场与经济基本面的历史数据,计算不同时期北京市房地产市场的扩散指数,绘制北京市房地产市场的景气循环曲线,并根据景气循环曲线与历史数据对北京市未来房地产市场的景气情况进行预测。最后,提出在上述市场预测情况下的市场调控策略。%The business cycle and early warning of Beijing real estate market are focused on in this study.Firstly,an indicator system is proposed according to diffusion index model.Secondly, diffusion index is calculated with the historical data of Beijing’s real estate market and economic fundamentals based on the indicator system. Thirdly,the diffusion index curve of Beijing real estate market business cycle is revealed and early warnings are stated based on data collected and the curve revealed.At last,market regulation strategies for the market situation forecasted are proposed as a policy making reference.

  2. Business Center

    Science.gov (United States)

    Learn how to do business with EPA's Clean Air Markets, including registering to use the Emissions Collection and Monitoring Plan System (ECMPS), the CAMD Business System (CBS), and learn how to submit monitored emissions data.

  3. Progressive Business

    DEFF Research Database (Denmark)

    Christiansen, Christian O.

    2016-01-01

    Guest Post to the Society for U.S. Intellectual History Blog. Brief introduction to the book Progressive Business: An Intellectual History of the Role of Business in American Society, Oxford U.P., 2015.......Guest Post to the Society for U.S. Intellectual History Blog. Brief introduction to the book Progressive Business: An Intellectual History of the Role of Business in American Society, Oxford U.P., 2015....

  4. Business analysis

    CERN Document Server

    Paul, Debra; Cadle, James

    2010-01-01

    Throughout the business world, public, private and not-for-profit organisations face huge challenges. Business analysts must respond by developing practical, creative and financially sound solutions. This excellent guide gives them the necessary tools. It supports everyone wanting to achieve university and industry qualifications in business analysis and information systems. It is particularly beneficial for those studying for ISEB qualifications in Business Analysis. Some important additions since the first edition (2006): the inclusion of new techniques such as Ishikawa diagrams and spaghe

  5. Business Plan

    OpenAIRE

    Radošinská, Jana

    2014-01-01

    Diploma thesis deals with the processing of a business plan to establish a tour operator, which will offer tours to Puerto Rico. Thesis is divided into theoretical and practical part. The theoretical part explains what is business and related terms. Defines the tourism business and the procedure for the establishment of tour operators. There are also theoretically explained individual chapters of a business plan. The practical part is dedicated to the establishment of tour operator, where is ...

  6. Playful Business

    DEFF Research Database (Denmark)

    Lund, Morten; Hansen, Poul H. Kyvsgård; Nielsen, Louise Møller

    2011-01-01

    ” The term business model can be defined as a business concept that has been put into practice. The increase in dynamics in markets, technology, economies etc. challenge the requirements to make consistent and synchronized decisions on which business models to develop and implement. Complexity se...

  7. Real Estate Business Cycle in Changsha Based on Diffusion Index Model%基于扩散指数模型的长沙房地产景气循环研究

    Institute of Scientific and Technical Information of China (English)

    王文萱; 龙浪

    2016-01-01

    To achieve sustained and healthy development of the real estate industry in Changsha,in accordance with the principle of business cycle,real estate market indicators in Changsha are collected from 2002 to 2014 and a real estate business cycle evaluation index system is established. Based on the diffusion index model,time series method is used to determine the cyclical fluctuation value of all index. The leading diffusion index, coincident diffusion index and lagging diffusion index were synthetically measured and the curve of the business cycle of estate market was drawn. According to the analysis of coincident diffusion index curve and historical data,real estate market running track of Changsha is drawn from 2002 to 2014. The real estate market in Changsha is predicted and verified respectively by the curve of the leading diffusion index and the lagging diffusion index. Application of the model can effectively determine the real estate business cycle turning point and forecast the future shot-term development trend in Changsha. The results can be helpful for decision-makings of government agency,consumers and real estate developers.%为实现长沙房地产业持续健康发展,按照景气循环原理,收集长沙市2002~2014年房地产市场各项指标数据,建立房地产景气循环评价指标体系。基于扩散指数模型,利用时间序列法测定各指标循环波动值,对长沙市房地产市场先行、同步、滞后景气扩散指数进行综合测度并绘制房地产市场景气循环走势图。根据同步扩散指数曲线与历史数据分析长沙市2002~2014年房地产市场运行轨迹,运用先行扩散指数和滞后扩散指数曲线分别对长沙市房地产市场景气情况进行预测和验证。应用该模型能够有效判断长沙房地产景气循环转折点并进行短期未来发展趋势预测,更好地实现房地产市场景气监测,为政府、消费者和房地产开发商三方投资决策提供参考。

  8. Disrupting Business

    DEFF Research Database (Denmark)

    Cox, Geoff; Bazzichelli, Tatiana

    Disruptive Business explores some of the interconnections between art, activism and the business concept of disruptive innovation. With a backdrop of the crisis of financial capitalism, austerity cuts in the cultural sphere, the idea is to focus on potential art strategies in relation to a broken...... economy. In a perverse way, we ask whether this presents new opportunities for cultural producers to achieve more autonomy over their production process. If it is indeed possible, or desirable, what alternative business models emerge? The book is concerned broadly with business as material for reinvention...

  9. Business & Operations

    Science.gov (United States)

    Agron, Joe

    2007-01-01

    This article presents an interview with John D. Musso, executive director of the Association of School Business Officials (ASBO) International. Musso talks about trends and issues that will most affect school business and operations in 2007 and beyond. Despite the challenges facing school operations, he believes that the key to being successful at…

  10. Analysis on the Characteristics of Business Cycles in China%中国经济周期的特征分析(1953-2011)

    Institute of Scientific and Technical Information of China (English)

    李星

    2012-01-01

    Since 1953, China' s economy has experienced a total of 11 complete cycles. The 12th cycle since 2010 is still ongoing, mainly with short -term fluctuations of 4 -5 years, and the long -term fluctuations more than five years are less. Since reform, although the economic growth is more and more stable and the average growth level rises ceaselessly, the time of systolic is longer behind the rapid growth of economy.%1953年以来,我国一共经历了11个完整的周期波动,第12次周期自2010年开始尚正在进行中,主要以4-5年期的短期波动为主,而5年以上的周期波动较少。虽然改革以来我国经济增长的稳定程度不断增强,平均增长水平不断提高,但高速增长背后收缩期也在延长。

  11. Sewage Purification Business Process Management

    Directory of Open Access Journals (Sweden)

    Esad Ahmetagić

    2011-09-01

    Full Text Available This paper presents the current level of drainage and sewage purification facilities built in the Autonomous Province of Vojvodina, a territorial unit of the Republic of Serbia. It also points out the issues related to organized business management in companies involved in this business.The management of business processes in sewage purification involves a comprehensive cycle: business organizing process, issues of standard, investments, workforce, and information system design as factors in establishing an effective organization of business processes. The definition of gap existing between the current approach to organizing business activities and the need to establish an approach based on knowledge, information technologies, and effective business process management points to the necessity for organization redesign and standard definition in business process management. Sewage purification business process management in Vojvodina, the Republic of Serbia has been elaborated through theoretical presentation and a practical example realized by electronic ISO 9001:2008 system of quality management in public water utility company JKP "Vodokanal" Sombor.

  12. Business Law

    DEFF Research Database (Denmark)

    Föh, Kennet Fischer; Mandøe, Lene; Tinten, Bjarke

    Business Law is a translation of the 2nd edition of Erhvervsjura - videregående uddannelser. It is an educational textbook for the subject of business law. The textbook covers all important topic?s within business law such as the Legal System, Private International Law, Insolvency Law, Contract law......, Instruments of debt and other claims, Sale of Goods and real estate, Charges, mortgages and pledges, Guarantees, Credit agreements, Tort Law, Product liability and Insurance, Company law, Market law, Labour Law, Family Law and Law of Inheritance....

  13. 海峡两岸经济周期协动性的现状与趋势%Study on the Co-movement of Business Cycles of Both Sides across the Taiwan Strait

    Institute of Scientific and Technical Information of China (English)

    王华

    2011-01-01

    利用中国大陆和台湾地区GDP增长率反映海峡两岸的经济周期波动,针对二者的相关分析表明,1990年以来,海峡两岸经济周期已经呈现一定程度的协动性特征,并且这种协动性具有不断增强的趋势。在经济周期协动性的传导机制方面,直观判断,两岸贸易往来与台商对大陆投资是经济周期波动的重要传导渠道,但世界市场经济景气波动的冲击影响也不容忽视。由于受两岸经济规模和结构的差异、两岸经贸交流的不对称性、大陆对外开放程度较低、以及经济运行规律之外政治干扰和政策限制等因素的影响,两岸经济周期协动性还未完全呈现其应有规模。%The paper has measured the correlation between business cycles of both sides across the Taiwan Strait, which is denoted with the GDP Growth rates of mainland China and Taiwan district. It concludes that the increasingly visible co-movement of business cyc

  14. Business Anthropology

    DEFF Research Database (Denmark)

    Moeran, Brian

    2015-01-01

    This essay outlines the overall scope and location of business anthropology within the overall field of the discipline. It outlines its foundations as an applied form of anthropology in early developments in the United States (in particular, in Western Electric's Hawthorne Project and the Human...... Relations School at Harvard University), as well as in the United Kingdom and elsewhere, before turning to five areas of research and practice: academic ethnographies of business practices, regional studies, case studies developed by practitioners, theoretical applications, and methods. The essay then asks...... what a future program for business anthropology might look like and suggests four areas for theoretical development against a background of education, engagement, and comparative work. These are an examination of structures of power in, between, and dependent on business organizations of all kinds...

  15. Operational and real-time Business Intelligence

    Directory of Open Access Journals (Sweden)

    Daniela Ioana SANDU

    2008-01-01

    Full Text Available A key component of a company’s IT framework is a business intelligence (BI system. BI enables business users to report on, analyze and optimize business operations to reduce costs and increase revenues. Organizations use BI for strategic and tactical decision making where the decision-making cycle may span a time period of several weeks (e.g., campaign management or months (e.g., improving customer satisfaction.Competitive pressures coming from a very dynamic business environment are forcing companies to react faster to changing business conditions and customer requirements. As a result, there is now a need to use BI to help drive and optimize business operations on a daily basis, and, in some cases, even for intraday decision making. This type of BI is usually called operational business intelligence and real-time business intelligence.

  16. 银行信贷、经济周期与货币政策调控:1984-2011%Bank Credit, Business Cycles and Monetary Policy: 1984--2011

    Institute of Scientific and Technical Information of China (English)

    李连发; 辛晓岱

    2012-01-01

    Given the fact that credit expansion has been an important driving force of modern business cycle, this paper builds an extended Svensson model, which incorporates credit expansion and business cycle features, to study the driving factors and macroeconomic implications of credit expansions induced by the extrapolation bias in estimating credit losses. It is found that, using China's data since 1984, after the credit expansion, the inflation pressure lasts at least 7 quarters while the output gap cease to rise after about 4 quarters. It also concludes that the optimal change in credit aggregates could enhance macroeconomic stability if it were well directed. The cointegration analysis shows that the reserve ratios are high when credits are expanded. It is suggested to keep monitoring and directing the credit aggregates closely.%鉴于银行信贷已成为现代经济波动的重要驱动因素之一,本文构建了一个包含银行信贷与经济周期特征的Svensson扩展模型,考察了由贷款损失推断偏差等因素所导致的银行信贷扩张及其宏观效应。通过对我国1984年以来的季度数据分析发现,信贷扩张发生后产出缺口扩大的趋势仅持续4个季度左右,而通胀压力则会持续7个季度以上;信贷总量的适度逆周期调整有助于减少宏观经济的波动和福利损失;信贷总量还与存款准备金率变化之间存在协整关系。应继续密切关注信贷总量变动,并合理引导。

  17. Research on the Evolution of Internet Enterprise Business Model in its Life Cycle --A Case Study of Tencent%互联网企业发展过程中商业模式的演变——基于腾讯的案例研究

    Institute of Scientific and Technical Information of China (English)

    罗小鹏; 刘莉

    2012-01-01

    互联网企业的商业模式具有较强的可塑性,企业应在发展过程中根据内外部环境的变化对商业模式进行创新。本文运用商业模式“3—4~8”理论,以腾讯公司为目标企业,对该公司在生命周期三个阶段的商业模式创新及演变进行案例研究。研究表明,腾讯在创业期、成长期和成熟期不同发展阶段,商业模式表现出独特的演变路径和鲜明的特征,商业模式的创新提升了公司的价值和竞争力,其成功经验为我国互联网企业提供了启示与借鉴。%Internet enterprise business model has strong plasticity, entrepreneurs should innovate the business model according to the change of internal and external environment. Business model is an architectural structure that organization position and integrate its value, strategy and operation system into a organic integrity, and through offering a series of products or services to realize its goal. By reviewing the papers, we can find that related research of business model is in the ascendant in recent 10 years. In the thesis, We adopted case study method, based on 3 -4 -8 business model theory, chose a iconic internet company Tencent Holding Co. Ltd( short for Tencent) as the object. From the enterprise life cycle perspective, We explored the innovation of Tencent's business model, induction conditions, characteristic, and the evolution path in different period. Concluded innovation type of business model, and summarized the inspirations that internet enterprises should follow when innovating their business model. Our research was carried out by three steps: Firstly, we reviewed the existing theories at home and abroad, summarize the definition of business model, and presented my definition. Then, used"3 -4 -8" business model architectural structures for reference, followed the modular deconstruction thinking, investigated and executed data analysis on 23 modular indexes. On the basis

  18. Almost Periodically Correlated Time Series in Business Fluctuations Analysis

    CERN Document Server

    Lenart, Lukasz

    2012-01-01

    We propose a non-standard subsampling procedure to make formal statistical inference about the business cycle, one of the most important unobserved feature characterising fluctuations of economic growth. We show that some characteristics of business cycle can be modelled in a non-parametric way by discrete spectrum of the Almost Periodically Correlated (APC) time series. On the basis of estimated characteristics of this spectrum business cycle is extracted by filtering. As an illustration we characterise the man properties of business cycles in industrial production index for Polish economy.

  19. Life cycle management in product development

    DEFF Research Database (Denmark)

    Skelton, Kristen; Pattis, Anna

    The integration of Life Cycle Thinking (LCT) and Life Cycle Management (LCM) into business operations poses great challenges, as it requires a wider range of environmental responsibility often extending beyond a company's immediate control. Simultaneously, it offers many opportunities...

  20. Concepts of Business Data Processing; Business Education: 7743.01.

    Science.gov (United States)

    Smith, Barbara

    This course familiarizes students with manual and mechanical data processing terminology, the cycle, the basic operations, and their relationship to these two systems. It includes a familiarization with the various devices, equipment, media, and typical business applications for each system. Included are performance objectives, the course content…

  1. Small Business Development Center

    Data.gov (United States)

    Small Business Administration — Small Business Development Centers (SBDCs) provide assistance to small businesses and aspiring entrepreneurs throughout the United States and its territories. SBDCs...

  2. Small Business Size Standards

    Data.gov (United States)

    Small Business Administration — Certain government programs, such as SBA loan programs and contracting opportunities, are reserved for small business concerns. In order to qualify, businesses must...

  3. Business link

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Baotou Hongbo technology Co.,Ltd was registered in Baotou Rare Earth High-Tech Development Zone in 2008.The company is integrated with scientific research and development,production and trade business.Main products include individual and mixed light rare earth salts,oxides and metals,phosphors and so on.

  4. Unfinished Business

    Science.gov (United States)

    Tuckett, Alan

    2011-01-01

    Adult learning is not a tidy business: adults fit learning into the spaces left by the other demands on complex lives, and into the spaces left in administrative structures overwhelmingly designed for other people. No simple metric can capture adults' diverse purposes and achievements, and no single programme can capture the full range of things…

  5. Business History

    DEFF Research Database (Denmark)

    Hansen, Per H.

    2012-01-01

    This article argues that a cultural and narrative perspective can enrich the business history field, encourage new and different questions and answers, and provide new ways of thinking about methods and empirical material. It discusses what culture is and how it relates to narratives. Taking...

  6. Business Leksikon

    DEFF Research Database (Denmark)

    Nielsen, Sandro

    2002-01-01

    This review article deals with a specialised dictionary recently introduced to the Danish market. It covers traditional business subjects and is designed for semi-experts and laypeople. Through Danish definitions and English, French and German equivalents, it aims at fulfilling the functions text...

  7. Business Blooming

    Institute of Scientific and Technical Information of China (English)

    MARK GRAHAM

    2008-01-01

    @@ Florist Sebastien Lathuile was in no doubt of the business potential in Shanghai from the moment he arrived on a personal visit, some five years ago. The Frenchman returned immediately home to London,where he had been working,put his flat on the market, and began making plans to set up in the east-coast city.

  8. Business Intelligence

    OpenAIRE

    Strejčková, Lucie

    2001-01-01

    Cílem této bakalářské práce je seznámení s Business Intelligence a zpracování vývojového trendu, který ovlivňuje podobu řešení Business Intelligence v podniku ? Business Activity Monitoring. Pro zpracování tohoto tématu byla použita metoda studia odborných pramenů, a to jak v českém, tak v anglickém jazyce. Hlavním přínosem práce je ucelený, v českém jazyce zpracovaný materiál pojednávající o Business Activity Monitoring. Práce je rozdělena do šesti hlavních kapitol. Prvních pět je věnováno p...

  9. No business like oil business..

    Energy Technology Data Exchange (ETDEWEB)

    Brydoey, Haakon

    2001-07-01

    Activity Based Costing (ABC) is a methodology used to measure the cost of performing business processes and to trace these costs to specific products and services. As a cost-reporting and management tool, ABC provides information on the resources (e.g., people, materials, equipment, facility space, etc.) used to accomplish an organization's mission. This is not just cost information; ABC also identifies an organization's processes, process boundaries, the people and organizational units involved in a process, the cost to execute single or multiple cycles of a process, process outputs (final products and services and work-in-process), and process customers. Whereas traditional cost systems simply capture the cost of producing products and services, ABC calculates costs based on the relevant activities performed in producing products and services. The fundamental difference between these two methodologies is that, where the traditional method allocates cost through overhead rates and surcharges, ABC assigns costs based on causal relationships. In short-you only pay for what you get, which may be new for some Parties. The report concluded and supported that ABC cost systems provide a more representative perspective of financial reality than traditional cost accounting systems because ABC systems trace, rather than allocate, resource costs to the activities they support. Allocation is the traditional practice of assigning some costs, such as overhead or indirect administrative and support expenses, by a certain formula, such as a multiple of direct labour costs. Allocation can be misleading because some processes consume more overheads than others do. In the private sector, this allocation problem causes managers to think that a certain product is profitable, when in fact it loses money. In the public sector, it may cause a wrong make/buy decision or an inappropriate estimate of productivity-and mask the fact that administrative and support expenses are

  10. BUSINESS ECOSYSTEMS VS BUSINESS DIGITAL ECOSYSTEMS

    OpenAIRE

    Marinela Lazarica

    2006-01-01

    E-business is often described as the small organisations’ gateway to global business and markets. The adoption of Internet-based technologies for e-business is a continuous process, with sequential steps of evolution. The latter step in the adoption of Internet-based technologies for business, where the business services and the software components are supported by a pervasive software environment, which shows an evolutionary and self-organising behaviour are named digital business ecosyste...

  11. BUSINESS ECOSYSTEMS VS BUSINESS DIGITAL ECOSYSTEMS

    Directory of Open Access Journals (Sweden)

    Marinela Lazarica

    2006-05-01

    Full Text Available E-business is often described as the small organisations’ gateway to global business and markets. The adoption of Internet-based technologies for e-business is a continuous process, with sequential steps of evolution. The latter step in the adoption of Internet-based technologies for business, where the business services and the software components are supported by a pervasive software environment, which shows an evolutionary and self-organising behaviour are named digital business ecosystems. The digital business ecosystems are characterized by intelligent software components and services, knowledge transfer, interactive training frameworks and integration of business processes and e-government models.

  12. 基于微观经济基础的真实商业周期理论分析——2004年诺贝尔经济学奖对中国的启示%The Theoretical Analysis of Real Business Cycle on the Base of Microeconomic Foundation--The Revelation of Nobel Economics Award in 2004 for China

    Institute of Scientific and Technical Information of China (English)

    李建阳; 朱启贵

    2005-01-01

    The 2004 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel goes to the researchers whose contribution concerns two closely related areas of macroeconomic research: the time consistency problem of macroeconomic policy making and the driving forces behind business cycles. This paper gives a detailed and thorough introduction to the methodologies and contributions of the prizewinning theories. In the context of political and economic environment, this paper demonstrates the application possibility of Kydland and Prescott's analysis in China。

  13. Substantive Cause of Macroeconomic Fluctuations:Real Business Cycle (RBC) Theory%宏观经济波动的实体性成因--真实经济周期(RBC)理论评析

    Institute of Scientific and Technical Information of China (English)

    王征

    2014-01-01

    Real business cycle theory belongs to the Liberal School of the western economics. It breaks through the monetary cycle theory, and takes the accident real impacts such as the technology impact from supply aspect as the cause of economic lfuctuations, and denies the views that economic lfuctuation is a deviation from the long-term economic growth trend and macro economy can be divided into long-term and short-term. RBC theory insists on currency neutral position and against the government's intervention policies. It illustrates the macroeconomic lfuctuations by the orthodox microeconomic theory, and changes people's understanding on the reasons for economic cyclical lfuctuation, and then transcends the monetary doctrine and new classical macroeconomics. We could say that RBC theory is major development of liberalism economics since the 1980s .%真实经济周期理论属于西方经济学中的经济自由流派。它突破了货币周期理论,把来自供给方面的技术冲击等意外真实冲击看作是经济波动的根源;认为经济波动不是对长期经济增长趋势的偏离,否定把宏观经济分为长期和短期的观点;坚持货币中性主张;反对政府的干预政策。它以正统的微观经济理论来说明宏观经济波动,改变了人们对经济周期性波动原因的理解,超越了货币主义和新古典宏观经济学,是20世纪80年代以来自由主义经济学的重大发展。

  14. Keynes’ Business Cycle: Animal Spirits and Crisis

    OpenAIRE

    John Harvey

    2010-01-01

    Today, we are in the midst of the worst economic crisis since the Great Depression. Recovery has not been swift, and policymakers and citizens throughout the globe have turned to economists for answers. While in the mainstream, the general opinion is that the collapse was unpredictable and caused by exogenous events (i.e., poor policy decisions), those in the Post-Keynesian school not only raised voices of concern well before the crisis struck, but they have argued consistently that the probl...

  15. Tempory agency work and the business cycle

    NARCIS (Netherlands)

    M. de Graaf-Zijl; E.E. Berkhout

    2008-01-01

    Abstract: Purpose - The purpose of this paper is to test the relationship between gross domestic product (GDP) and agency work. Design/methodology/approach - The paper develops a theoretical model for the time interdependence of GDP, agency work and regular employment and tested model predictions us

  16. Changing Credit Limits, Changing Business Cycles

    DEFF Research Database (Denmark)

    Jensen, Henrik; Ravn, Søren Hove; Santoro, Emiliano

    economies, since credit constraints become non-binding more often. As expansionary shocks may make credit constraints non-binding, while contractionary shocks cannot, recessions become deeper than expansions. The non-monotonic relationship between credit market conditions and macroeconomic fluctuations...

  17. Business modelling agility: Turning ideas into business

    NARCIS (Netherlands)

    Heikkila, J.; Heikkila, M.; Bouwman, W.A.G.A.

    2015-01-01

    Business Model Innovation is attracting more and more attention from business as well as from academics. Business Model Innovation deals with both technological and knowledge related changes that either may disrupt or sustain existing product/market strategies. Timing of Business Model Innovation bo

  18. Strategic business planning linking strategy with financial reality.

    Science.gov (United States)

    Bachrodt, Andrew K; Smyth, J Patrick

    2004-11-01

    To succeed in today's complex and often adverse business environment, a healthcare organization's strategic direction must be calculated, focused, and financially sustainable. Strategic business planning is an essential tool to help organizations focus strategic choices within the financial realities of their environment. An effective strategic business planning cycle includes conducting an assessment, identifying business objectives, developing strategy, conducting an impact analysis, and developing an implementation plan.

  19. Research and Practice on the Whole Life Cycle Test Method in the Process of Continuous Business Evolution%业务持续演进过程中全生命周期测试方法的研究与实践

    Institute of Scientific and Technical Information of China (English)

    王昊; 陈伯慧; 周文斌; 郭军

    2015-01-01

    How to guarantee quality in the process of continuous business evolution is an important problem in the China Unicom's information construction. This article proposes a set of whole business life cycle test method which includes the process of the whole business life cycle testing, agile cooperative mode, reusable testing assets, performance monitoring and early warning platform and so on from the aspects of process, management, technologies and tools. And it introduces the practice results based on the project of communication networks combination of Shenyang, Fushun and Tieling.%如何在业务系统持续演进过程中确保质量已经成为联通信息化建设中的关键问题.文章从过程、管理、技术和工具四个层面,提出一套在持续演进过程中业务全生命周期测试的方法,包括业务全生命周期测试过程、敏捷协作模式、可复用测试资产、性能监测预警平台等,并以沈抚铁并网项目为背景,介绍实践成果.

  20. Busy Americans

    Institute of Scientific and Technical Information of China (English)

    宫玉完

    2007-01-01

    In America,people are always in a hurry.You can see the people who are walking fast everywhere.They are so busy that they have no time to stay with their families.They work late and don’t get home until 7 or 8 at night.More than 50% of women work at full-time jobs.They do less childcare and don’t have enough time to prepare the food.That’s why"fast food"is so popular in America.People spend nearly half of their dollars on fast food.Fast food saves much time,but it is not good for health.

  1. Businesses. Present and future

    OpenAIRE

    Lupşa-Tătaru, D. A.; Constantin, S.

    2011-01-01

    A successful business is tough to define: a business passes through several milestones, which, when reached, prove that the business is on the right track. These milestones serve as indicators that the business is growing and expanding - in the right direction. A successful business does not happen overnight. Considering the climate of Romania nowadays and also the supposed interest or lack of interest in starting a business, we have tried to identify and measure the factors considered to con...

  2. Interactive Pinball Business

    DEFF Research Database (Denmark)

    Buur, Jacob; Gudiksen, Sune

    2012-01-01

    Interaction design expands into new fields. Interaction design and business model innovation is a promising meeting of disciplines: Many businesses see the need to rethink their ways of doing business, and, as business models pose highly dynamic and interactive problems, interaction design has much...... to offer. This paper compares ‘tangible business models’ in the form of pinball-like contraptions, designed by interaction design students with those developed by groups of professionals around concrete business issues. We will show how the interactive models encourage business people to play...... with hypotheses and experiment with scenarios as a way of innovating their business models, and why this is so....

  3. Womens Business Center

    Data.gov (United States)

    Small Business Administration — Women's Business Centers (WBCs) represent a national network of nearly 100 educational centers throughout the United States and its territories, which are designed...

  4. Risky Business

    Science.gov (United States)

    Yarbrough, Katherine

    2015-01-01

    During my internship I worked on two major projects, recommending improvements for the Center's Risk Management Workshop and helping with the strategic planning efforts for Safety and Mission Assurance (S&MA). The risk management improvements is the key project I worked on this semester through my internship, while the strategic planning is the secondary assignment. S&MA Business Office covers both aspects in its delegation, getting both spans some of the work done in the office. A risk is a future event with a negative consequence that has some probability of occurring. Safety and Mission Assurance identifies, analyzes, plans, and tracks risk. The directorate offers the Center a Risk Management Workshop, and part of the ongoing efforts of S&MA is to make continuous improvements to the RM Workshop. By using the Project Management Institute's (PMI) Standard for Risk Management, I performed a gap analysis to make improvements for our materials. I benchmarked the PMI's Risk Management Standard, compared our Risk Management Workshop materials to PMI's standard, and identified any gaps in our material. My major findings were presented to the Business Office of S&MA for a decision on whether or not to incorporate the improvements. These suggestions were made by attending JSC working group meetings, Health, Safety and Environment (HSE) panel reviews and various risk review meetings. The improvements provide better understanding of risk management processes and enhanced risk tracking knowledge and skills. Risk management is an integral part of any engineering discipline, getting exposed to this section of engineering will greatly help shape my career in the future. Johnson Space Center is a world leader in risk management processes; learning risk management here gives me a huge advantage over my peers, as well as understanding decision making in the context of risk management will help me to be a well-rounded engineer. Strategic planning is an area I had not previously

  5. Business Inspiration: Small Business Leadership in Recovery?

    Science.gov (United States)

    Rae, David; Price, Liz; Bosworth, Gary; Parkinson, Paul

    2012-01-01

    Business Inspiration was a short, action-centred leadership and innovation development programme designed for owners and managers of smaller firms to address business survival and repositioning needs arising from the UK's economic downturn. The article examines the design and delivery of Business Inspiration and the impact of the programme on…

  6. Application impact analysis: a risk-based approach to business continuity and disaster recovery.

    Science.gov (United States)

    Epstein, Beth; Khan, Dawn Christine

    2014-01-01

    There are many possible disruptions that can occur in business. Overlooking or under planning for Business Continuity requires time, understanding and careful planning. Business Continuity Management is far more than producing a document and declaring business continuity success. What is the recipe for businesses to achieve continuity management success? Application Impact Analysis is a method for understanding the unique Business Attributes. This AIA Cycle involves a risk based approach to understanding the business priority and considering business aspects such as Financial, Operational, Service Structure, Contractual Legal, and Brand. The output of this analysis provides a construct for viewing data, evaluating impact, and delivering results, for an approved valuation of Recovery Time Objectives (RTO).

  7. Freemium Business Models as the Foundation for Growing an E-business Venture: A Multiple Case Study of Industry Leaders

    DEFF Research Database (Denmark)

    Günzel-Jensen, Franziska; Holm, Anna B.

    2015-01-01

    In e-business freemium business models have become legitimate. However, current research provides little insight on how the free and premium offering should be employed to lead to growth and success in the long run. The presented research aims to fill this gap by investigating how the property...... ‘free’ was employed in young entrepreneurial ventures’ business models in the initial life-cycle stages – opportunity recognition, market entry, and market exploitation. We find that various forms of freemium business models are employed through the initial life-cycle stages of a new venture for reasons...... of trial-and-error, learning, exploration, legitimization and resource acquisition. A freemium business model can also serve as a nascent business model, though without a sustainable monetization component, for finding a sustainable business model through a series of dynamic adjustments. With our findings...

  8. Best Practice Examples of Circular Business Models

    DEFF Research Database (Denmark)

    Guldmann, Eva

    are tightly closed, whereas in other cases they are more open due to initiatives being voluntary, experimental or small scale, covering only part of the market. The study indicates that the ability of companies to apply life cycle thinking, which involves the entire value chain from sourcing to disposal...... are different, circular business models can be found in both. These models operate in both young and mature firms, small and large, which points to the fact that circular business models can be successfully implemented in a wide range of business settings as long as they are individually tailored to each...... companies are found to apply a step-by-step or experimental strategy, where they test the resilience of a circular business model within a limited number of product lines or in one business unit at a time. This allows for a corresponding step-by-step organisational learning and for leveraging the risk...

  9. Antecedents and Consequences of Business Model Innovation

    DEFF Research Database (Denmark)

    Waldner, Florian; Poetz, Marion; Grimpe, Christoph

    2015-01-01

    evidence seems to be confined to firm-level antecedents and pays little attention to the impact of industry structure. This study investigates how different stages of an industry’s life cycle and levels of industry competition affect firms’ business model innovation, and how such innovation translates...... performance. Our findings contribute to the ongoing dialog on the role of industry structure in business model innovation, and provide implications for the management of business model innovation.......What makes firms innovate their business models? Why do they engage in innovating how they create, deliver, and capture value? And how does such innovation translate into innovation performance? Despite the importance of business model innovation for achieving competitive advantage, existing...

  10. Delivering IT and eBusiness value

    CERN Document Server

    Willcocks, Leslie

    2001-01-01

    Delivering Business Value from IT' is focused on the evaluation issue in IT and how IT evaluation can proceed across the life-cycle of any IT investment and be linked positively to improving business performance. .Chapters 1,2 and 3 detail an approach to IT evaluation whilst chapters 4 and 5 build on these by showing two distinctive approaches to linking IT to business performance. The remaining three chapters deal with a range of evaluation issues emerging as important - specifically Internet evaluation, Y2K and beyond, EMU, quality outsourcing, infrastructure, role of benchmarking, and cost

  11. Social Business

    Directory of Open Access Journals (Sweden)

    Maria Cristina ENACHE

    2015-09-01

    Full Text Available The field of social business is growing rapidly and attracting increased attention from many sectors. The term itself shows up frequently in the media, is referenced by public officials, have become common on universities. The reasons behind the popularity of social entrepreneurship are many. On the most basic level, there’s something inherently interesting and appealing about entrepreneurs and the stories of why and how they do what they do. The interest in social entrepreneurship transcends the phenomenon of popularity and fascination with people. Social entrepreneurship signals the imperative to drive social change, and it is that potential payoff, with its lasting, transformational benefit to society, that sets the field and its practitioners apart. Although the potential benefits offered by social entrepreneurship are clear to many of those promoting and funding these activities, the actual definition of what social entrepreneurs do to produce this order of magnitude return is less clear. In fact, we would argue that the definition of social entrepreneurship today is anything but clear. As a result, social entrepreneurship has become so inclusive that it now has an immense tent into which all manner of socially beneficial activities fit. In some respects this inclusiveness could be a good thing. If we can achieve a rigorous definition, then those who support social entrepreneurship can focus their resources on building and strengthening a concrete and identifiable field. Absent that discipline, proponents of social entrepreneurship run the risk of giving the skeptics an ever-expanding target to shoot at, and the cynics even more reason to discount social innovation and those who drive it.

  12. Befuddling Business Casual

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    @@ "Business casual"has taken on a negative ring,though the English call it "smart casual"which sounds a little more stylish.Popularized by IT businesses as an alternative to"international standard business attire,"business casual holds Steve Jobs and Bill Gates up as its paragons.

  13. Competitiveness of Family Businesses

    NARCIS (Netherlands)

    M.A.A.M. Leenders (Mark); E. Waarts (Eric)

    2001-01-01

    textabstractThe purpose of this study is to systematically examine the advantages and disadvantages of different types of family businesses. We distinguish four different types of family businesses based on their family and business orientation: (1) House of Business, (2) Family Money Machine, (3) F

  14. Interactive pinball business

    DEFF Research Database (Denmark)

    Buur, Jacob; Gudiksen, Sune Klok

    2012-01-01

    Interaction design expands into new fields. Interaction design and business model innovation is a promising meeting of disciplines: Many businesses see the need to rethink their ways of doing business, and, as business models pose highly dynamic and interactive problems, interaction design has much...

  15. Is Business Ethics Dying?

    Science.gov (United States)

    Pamental, George L.

    1991-01-01

    Discusses the need for business ethics courses in undergraduate and graduate business degree programs. Describes reasons for and objections to such programs. Explains that business ethics instruction requires varied case studies, adequate teaching materials, cooperation between philosophers and business faculty, and instructors who are forthcoming…

  16. Global Business Models

    DEFF Research Database (Denmark)

    Rask, Morten

    insight from the literature about business models, international product policy, international entry modes and globalization into a conceptual model of relevant design elements of global business models, enabling global business model innovation to deal with differences in a downstream perspective...... regarding the customer interface and in an upstream perspective regarding the supply infrastructure. The paper offers a coherent conceptual dynamic meta-model of global business model innovation. Students, scholars and managers within the field of international business can use this conceptualization...... to understand, to study, and to create global business model innovation. Managerial and research implications draw on the developed ideal type of global business model innovation....

  17. Business plan competition

    CERN Multimedia

    2007-01-01

    "Venture – Companies for tomorrow" is a business plan competition, which supports students and other junior entrepreneurs in developing their business plans. The sixth edition of the competition is now taking place. Venture 2008 highlights: - prize money totalling CHF 150’000; - possibility to optimize business ideas and business plans with the help of experienced coaches: around 200 coaches are available, with a wide range of backgrounds, entrepreneurs as well as venture capitalists; -\tpossibility to present business ideas and business plans to potential investors ("Investor Days" - 17 January and 7 May); - active involvement in the start-up community; -\tcontribution to potential independence. The competition consists of two phases: Phase I, Business idea, Deadline for submission of business idea: 5 December 2007 (online at http://www.venture.ch). Award Ceremony: 17 January 2008 Phase II, Business plan Deadline for submission of business plan: 2 April 2008 (online at...

  18. Business and Human Rights

    DEFF Research Database (Denmark)

    Buhmann, Karin

    2015-01-01

    This article analyses the United Nations (UN) Guidelines on Business and Human Rights adopted in 2011 by the UN Human Rights Council from the perspective of transnational business governance interactions (TBGI) analytical framework.1 The article identifies and discusses dimensions of interaction...... in several areas of relevance to transnational business governance interaction and indicates the relevance of the TBGI approach to public regulatory transnational business governance initiatives. The analysis of the Guiding Principles as interactional transnational business governance suggests that this form...

  19. Corporate Business Diplomacy

    DEFF Research Database (Denmark)

    Søndergaard, Mikael

    2014-01-01

    This article illustrates the interdisciplinary nature of the field of corporate business diplomacy using examples from academic disciplines, such as economics and political science, which can contribute to the understanding of corporate business diplomacy. Examples also show that corporate business...... diplomacy can complement business theories such as stakeholder theory and agency theory. Examples from practice show that in a broad sense, corporate business diplomacy is concerned with managing external stakeholders, while in a narrow sense, it is concerned with managing internal stakeholders...

  20. Fundamentals of Business

    OpenAIRE

    Skripak, Stephen J.

    2016-01-01

    Fundamentals of Business (2016) is an openly licensed (CC BY NC SA 3.0) textbook designed for use in Virginia Tech’s Pamplin College of Business introductory level business course, MGT1104 Foundations of Business. This work is a project of University Libraries and the Pamplin College of Business, Virginia Tech.Lead Author: Stephen J. SkripakContributors: Richard Parsons, Anastasia Cortes, Anita WalzLayout: Anastasia Cortes Selected graphics: Brian Craig http://bcraigdesign.comCover design:...

  1. Art Interrupting Business, Business interrupting Art

    DEFF Research Database (Denmark)

    Kampf, Constance Elizabeth

    2014-01-01

    performing online art that raises awareness about hidden aspects of business practices. As digital artists place the spotlight on activities and business strategies that are not part of corporate plans for communicating their “transparency,” they also work to reconfigure and re(de)fine this interface. To set......Tensions between global corporations and digital artists who use business as an artistic and activist medium reveal rough edges in the interface between business and society. This interaction can be seen as a space where the interface between business and society is being challenged, with artists...... of transparency.3 These dimensions allow for a critical examination of transparency and demonstrate some inherent tensions between what is revealed and concealed in communication between business and society. This, in turn, addresses the notion of knowledge that leads to new possibilities for understanding...

  2. Business plans made easy

    CERN Document Server

    Press, Entrepreneur

    2005-01-01

    Business Plans Made Easy, 3rd Edition is the latest incarnation of the essential guide for creating a high-impact business plan that will turn an entrepreneur's dreams into reality. Revised and updated, the book expands the helpful business plan summaries and adds new examples of real-life business plans. Tips about information technology and an added business plan for artists increase the scope of the book. The useful forms, worksheets and financial statements have been updated to reflect recent changes in the business world, and an added "expert advice" section at the end of each chapter giv

  3. BRANDING IN SMALL BUSINESS

    Directory of Open Access Journals (Sweden)

    Mihai Răzvan Constantin BARBU

    2010-01-01

    Full Text Available In this paper we analyzed the branding in small business. Using a desk research on Internet and the press we have identified the practices small businesses use to enhance their brand and the brand dynamics in small business. Our main contribution is that we tried to figure out the strategy of branding in small business. This need further to be investigated in order to understand how branding works in small business and to better capture the role of branding in small business.

  4. Business statistics for dummies

    CERN Document Server

    Anderson, Alan

    2013-01-01

    Score higher in your business statistics course? Easy. Business statistics is a common course for business majors and MBA candidates. It examines common data sets and the proper way to use such information when conducting research and producing informational reports such as profit and loss statements, customer satisfaction surveys, and peer comparisons. Business Statistics For Dummies tracks to a typical business statistics course offered at the undergraduate and graduate levels and provides clear, practical explanations of business statistical ideas, techniques, formulas, and calculations, w

  5. Business Plans For Dummies

    CERN Document Server

    Tiffany, Paul; Barrow, Colin

    2011-01-01

    A full updated and extended second edition of an established UK bestseller Business Plans For Dummies 2nd Edition features new and updated information on formulating a solid business plan to build a secure business - even in an economic downturn. Complete with a brand new business plan template to get you started this expert guide offers fresh advice on reading the competitive marketplace and assessing your business in the current economic climate. It walks you step-by-step through every aspect of planning achievable business goals and diversification strategies, identifying trends, exploring

  6. Business Value Game

    Science.gov (United States)

    Marchenko, Artem; Duarte, Vasco

    Agile teams want to deliver maximum business value. That’s easy if the on-site Ccstomer assigns business value to each story. But how does the customer do that? How can you estimate business value? This workshop is run as a game, where teams have to make tough business decisions for their ”organizations”. Teams have to decide which orders to take and what to deliver first in order to earn more. The session gives the participants basic business value estimation techniques, but the main point is to make people live through the business situation and to help them feel the consequences of various choices.

  7. A Structured Debriefing Process for International Business Culture Simulations.

    Science.gov (United States)

    McGraw, Peter; Palmer, Ian

    1999-01-01

    Outlines a nine-step structure for debriefing an international business culture simulation. Stresses the need to address three stages in the experiential learning cycle: reflection, processing, and transfer. Appendices include the specific simulation used and a debriefing note. (DB)

  8. Business Models For Transport eBusiness

    OpenAIRE

    Dragan Cisic; Ivan Franciskovic; Ana Peric

    2003-01-01

    In this paper authors are presenting expectations from electronic commerce and its connotations on transport logistics. Based on trends, the relations between the companies in the international transport have to be strengthened using Internet business models. In the paper authors are investigating e-business information models for usage in transport

  9. Business-to-business: Buying Recycled.

    Science.gov (United States)

    Millberg, Laura

    1994-01-01

    A survey of Minnesota businesses about their efforts to buy recycled content products. Results discuss reactive versus proactive policies, the corporate advantage of environmental protection, how efforts are hampered by confusion, suppliers as key informants, and businesses' need for information. (MDH)

  10. Smart Business Networks Design and Business Genetics

    NARCIS (Netherlands)

    L-F. Pau (Louis-François)

    2006-01-01

    textabstractWith the emergence of smart business networks, agile networks, etc. as important research areas in management, for all the attractiveness of these concepts, a major issue remains around their design and the selection rules. While smart business networks should provide advantages due to t

  11. Teaching Business Ethics or Teaching Business Ethically?

    Science.gov (United States)

    Stablein, Ralph

    2003-01-01

    Notes that one of the most important contexts for ethical decision-making is the nature and operation of "contemporary capitalisms." Suggests that rather than issuing a call for teaching business ethics, the author emphasizes the need for more ethical business teaching. (SG)

  12. 科技型小微企业多维金融支持体系的完善——基于成长生命周期演进的视角%Analysis on the Multidimensional Financial Supports to the SCI-TECH Small & Micro Businesses Based on Life Cycles

    Institute of Scientific and Technical Information of China (English)

    赵玲; 李建林

    2012-01-01

    在后金融危机背景下我国科技型小微企业正经受着非常严峻的考验,解决科技型小微企业融资问题是一个迫在眉睫的课题。针对科技型小微企业在不同生命周期阶段具有不同的融资风险和融资需求的特点,我国实践上已经构建了与科技型小微企业生命周期相一致的金融支持体系,但是该体系仍然存在着商业银行金融服务不足、创业投资机制不健全、证券市场发展滞后等诸多问题。因此必须加强创业投资引导、拓展和创新商业银行金融业务、完善证券市场体系等,构建包括政府、银行、证券市场、民间资本在内的,涵盖科技型小微企业生命周期各阶段的多层次、多阶段的多维科技型小微金融支持模式,以适应科技型小微企业在不同生命周期阶段的融资需求。%On the post-financial-crisis era, Chinese SCI-TECH small and micro businesses are withstanding severe tests. It's a imminent task to resolve their financial problems. We have established financial supporting system consistent with the life cycles of the SCI-TECH small and micro businesses. But there are many problems with the system such as the shortage of commercial banks services, the imperfect of venture capital mechanism and the faultiness of securities market. So,we should take measures such as guiding venture capital, creating financial businesses of commercial banks, perfecting stock market, and so on, to improve the supporting system from many dimensions including government, banks, markets and private capitals, and from many periods covering all the life cycles of the SCI-TECH small and micro businesses.

  13. Liquidating a Chinese Business

    Institute of Scientific and Technical Information of China (English)

    RICHARD; HOFFMANN

    2009-01-01

    With the global economic crisis hitting some businesses in China very hard as export sales dry up, now is a timely occasion to remind executives of affected businesses of their responsibilities when having to

  14. Business Game Learning Environment

    NARCIS (Netherlands)

    Kirschner, Paul A.; Valcke, Martin; Van Vilsteren, Paul

    2010-01-01

    Kirschner, P. A., Valcke, M., & Van Vilsteren, P. (1997) Business Game Learning Environment. Design and development of a competency-based distance education business curriculum at the Open University of the Netherlands.

  15. Business Tax in China

    Institute of Scientific and Technical Information of China (English)

    RICHARD; HOFFMANN

    2009-01-01

    Business tax is a tax payable against turnover by all enterprises and individuals undertaking the following business activities:providing taxable services, including communication, transport, construction, finance and insurance, telecom, culture,

  16. Business Continuity Management Plan

    Science.gov (United States)

    2014-12-01

    global philosophy which includes terminology from ISO 22301:2012, the International Standard for business continuity management systems (BCI, 2014b...NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT BUSINESS CONTINUITY MANAGEMENT PLAN December 2014...

  17. Government and Business

    DEFF Research Database (Denmark)

    Campbell, John L.

    2015-01-01

    There is a vast literature about the relationships between government and business in advanced capitalist societies.......There is a vast literature about the relationships between government and business in advanced capitalist societies....

  18. Making business models

    DEFF Research Database (Denmark)

    Gudiksen, Sune Klok; Poulsen, Søren Bolvig; Buur, Jacob

    2014-01-01

    Well-established companies are currently struggling to secure profits due to the pressure from new players' business models as they take advantage of communication technology and new business-model configurations. Because of this, the business model research field flourishes currently; however, t...... illustrates how the application of participatory business model design toolsets can open up discussions on alternative scenarios through improvisation, mock-up making and design game playing, before qualitative judgment on the most promising scenario is carried out....

  19. Stats means business

    CERN Document Server

    Buglear, John

    2010-01-01

    Stats Means Business is an introductory textbook written for Business, Hospitality and Tourism students who take modules on Statistics or Quantitative research methods. Recognising that most users of this book will have limited if any grounding in the subject, this book minimises technical language, provides clear definition of key terms, and gives emphasis to interpretation rather than technique.Stats Means Business enables readers to:appreciate the importance of statistical analysis in business, hospitality and tourism understand statis

  20. WOMEN IN FAMILY BUSINESS

    OpenAIRE

    Anshu,

    2012-01-01

    The role of women in family businesses is explored in the paper. Although recognized as generally very important players, the role of women is often defined as invisible in business decision-making, supportive in men’s traditional business domains and only rarelyadequately recognized and rewarded. The paper explores possible differences in the views of men and women who manage small family firms. Their attitudes opposing the traditional business roles ofwomen, different views on managerial, o...

  1. KSF of family business

    OpenAIRE

    Boroš, Petr

    2014-01-01

    Family business is a business in which family members have a large stake in ownership and also a deciding vote on business operation. This thesis deals with what makes the family businesses thriving. The research is conducted using the Good to Great framework by Jim Collins. Based mainly on quantitative and qualitative survey of 8 Czech companies of various fields and sizes, it was discovered that there are some links between the companies' success. These findings yield a set of recommendatio...

  2. The balanced business portfolio evaluation procedure at industrial enterprises

    Directory of Open Access Journals (Sweden)

    K.Yu. Yavorska

    2013-09-01

    possible business directions (as we mentions, there can be three possible types of business direction: horizontal, vertical and combined, its structure and life cycle as well. Forth procedures step aims to evaluate business portfolio balance, which based not on separately taken SBUs, but on business directions. On this step the same methods as on second one are used. The final step includes compressing of two valuations and choosing that business portfolio structure, which is better for the company.Conclusions and directions of further researches. Compared to other procedures, this one includes comparison of two balance business portfolio valuations (which goes from different business portfolio structures. Moreover, given procedure includes expediency business direction creating model. The advantages of business portfolio based on business directions were also given: additional market barrier for other competitors are created, improvement of competitiveness, increasing of profitability, etc.

  3. The Business Education Curriculum

    Science.gov (United States)

    Rader, Martha; Meggison, Peter

    2007-01-01

    The business education curriculum encompasses the educational experiences of business students at all levels. Business education curricula include a variety of programs, courses, units, course objectives, student competencies, assessments, and extracurricular activities that have evolved over the years. Curricula are driven by numerous internal…

  4. Liquidating a China Business

    Institute of Scientific and Technical Information of China (English)

    RICHARD; HOFFMANN

    2009-01-01

    With the global economic crisis hitting some businesses in China very hard as export sales dry up, now is a timely occasion to remind executives of affected businesses of their responsibilities when having to liquidate a business. China-based subsidiaries may

  5. English for Business Communication

    Science.gov (United States)

    Bhatia, Vijay K.; Bremner, Stephen

    2012-01-01

    The concept of Business English has undergone some major shifts in the last few years because of a number of developments, such as advances in genre theory and the coming together of English for Business Purposes and Business Communication, inspired by the realization that there is a gap to be bridged between the academy and the globalized…

  6. Business Communication Strategies

    OpenAIRE

    Lavinia Hulea

    2005-01-01

    General communication processes rely on messages implying contents, communication channels, a receiver and clear objectives. Once accepting the importance of defining objectives, three strategies, narrative, implicative, and decisional, seem to be specific for most business communications. While narrative business communications convey information with a view of simply transmitting information and depend on accuracy, complexity, and clarity, implicative business communications convey informat...

  7. Business Engineering Model

    OpenAIRE

    Österle, Hubert; Blessing, Dieter

    2000-01-01

    Business Engineering bedeutet systematische Entwicklung neuer Geschäftslösungen. Business Engineering zerlegt die Transformation von Unternehmen in beherrschbare Schritte, gibt Anleitung zur Bearbeitung dieser Schritte und verbindet diese in Vorgehensmodellen für Projekte. Der Aufsatz erklärt die Arbeitsweise des Business Engineering anhand eines durchgängigen Beispiels und beschreibt die Grundprinzipien dieser neuen Disziplin.

  8. Introducing Business English

    NARCIS (Netherlands)

    Nickerson, C.; Planken, B.C.

    2015-01-01

    Introducing Business English provides a comprehensive overview of this topic, situating the concepts of Business English and English for Specific Business Purposes within the wider field of English for Special Purposes. This book draws on contemporary teaching and research contexts to demonstrate th

  9. Doing business with NASA

    Science.gov (United States)

    1995-01-01

    Because many U.S. businesses and companies want to do business with NASA, the Agency sends out procurement specialists to trade shows and conferences and organizes seminars to educate the business public on how to get on procurement lists to become product and service providers to the federal government.

  10. Open for Business.

    Science.gov (United States)

    Cutler, Edward

    1984-01-01

    Describes the development and outcomes of Lane Community College's (LCC) Business Assistance Center, which offers a wide range of management assistance services to local small businesses. Explains how state-funded programs, based on the LCC model, resulted in a network of Small Business Development Centers. (CBC)

  11. Tesseract supersonic business transport

    Science.gov (United States)

    Reshotko, Eli; Garbinski, Gary; Fellenstein, James; Botting, Mary; Hooper, Joan; Ryan, Michael; Struk, Peter; Taggart, Ben; Taillon, Maggie; Warzynski, Gary

    1992-01-01

    This year, the senior level Aerospace Design class at Case Western Reserve University developed a conceptual design of a supersonic business transport. Due to the growing trade between Asia and the United States, a transpacific range was chosen for the aircraft. A Mach number of 2.2 was chosen, too, because it provides reasonable block times and allows the use of a large range of materials without a need for active cooling. A payload of 2,500 lbs. was assumed corresponding to a complement of nine passengers and crew, plus some light cargo. With these general requirements set, the class was broken down into three groups. The aerodynamics of the aircraft were the responsibility of the first group. The second developed the propulsion system. The efforts of both the aerodynamics and propulsion groups were monitored and reviewed for weight considerations and structural feasibility by the third group. Integration of the design required considerable interaction between the groups in the final stages. The fuselage length of the final conceptual design was 107.0 ft, while the diameter of the fuselage was 7.6 ft. The delta wing design consisted of an aspect ratio of 1.9 with a wing span of 47.75 ft and mid-chord length of 61.0 ft. A SNECMA MCV 99 variable-cycle engine design was chosen for this aircraft.

  12. Tesseract: Supersonic business transport

    Science.gov (United States)

    Reshotko, Eli; Garbinski, Gary

    1992-01-01

    This year, the senior level Aerospace Design class at Case Western Reserve University developed a conceptual design of a supersonic business transport. Due to the growing trade between Asia and the United States, a transpacific range has been chosen for the aircraft. A Mach number of 2.2 was chosen too because it provides reasonable block times and allows the use of a large range of materials without a need for active cooling. A payload of 2500 lbs. has been assumed corresponding to a complement of nine (passengers and crew) plus some light cargo. With these general requirements set, the class was broken down into three groups. The aerodynamics of the aircraft were the responsibility of the first group. The second developed the propulsion system. The efforts of both the aerodynamics and propulsion groups were monitored and reviewed for weight considerations and structural feasibility by the third group. Integration of the design required considerable interaction between the groups in the final stages. The fuselage length of the final conceptual design was 107.0 ft. while the diameter of the fuselage was 7.6 ft. The delta wing design consisted of an aspect ratio of 1.9 with a wing span of 47.75 ft and midcord length of 61.0 ft. A SNEMCA MCV 99 variable-cycle engine design was chosen for this aircraft.

  13. Business Law, Europe

    DEFF Research Database (Denmark)

    Fomcenco, Alex; Werlauff, Erik

    This book is a must-have for any business advisor that operates on a cross-border level in the European Union, EU. Regardless of whether you already have solid knowledge about doing business in the EU or you are just taking your first steps on this corporate scene, Business Law, Europe should...... be the book within your reach. We call it “Our Corporate Bible”. In an easily comprehendible way we address some of the most essential issues of business law, and provide guidelines and clarity for understanding and proper application of the legal provisions that govern business law in Europe....

  14. Business and Human Rights

    DEFF Research Database (Denmark)

    Buhmann, Karin

    This article analyses the United Nations (UN) Guidelines on Business and Human Rights adopted in 2011 by the UN Human Rights Council from the perspective of Transnational Business Governance Interactions (TBGI) analytical framework (Eberlein et al. 2014). The article identifies and discusses...... that the UN Guiding Principles are unique in several respects of relevance to transnational business governance interaction and indicate the relevance of the TBGI approach to public regulatory transnational business governance initiatives. The analysis of the Guiding Principles as interactional transnational...... business governance suggests that this form of governance offers prospects for public institutions as a means towards regulating global sustainability concerns....

  15. Sunk costs and the growth and failure of small business

    OpenAIRE

    2000-01-01

    We model the growth and failure of small business in Irish Manufacturing during the period 1973-1994. We estimate the effect of start-up size on the employment growth while controlling for the business cycle, the life cycle and the probability of business survival, amongst other factors. Learning models of firm selection and evolution are accepted in Homogenous Goods but rejected in R&D sectors. Due to high (low) entry and failure costs in R&D (Homogenous Goods) sectors, learning is undertake...

  16. Biogeochemical Cycling

    Science.gov (United States)

    Bebout, Brad; Fonda, Mark (Technical Monitor)

    2002-01-01

    This lecture will introduce the concept of biogeochemical cycling. The roles of microbes in the cycling of nutrients, production and consumption of trace gases, and mineralization will be briefly introduced.

  17. Social Business Models

    Directory of Open Access Journals (Sweden)

    Maria Cristina Enache

    2015-09-01

    Full Text Available A Social Business embraces networks of people to create business value. A Social Business connects people to expertise. It enable individuals – whether customers, partners or employees – to form networks to generate new sources of innovation, foster creativity, and establish greater reach and exposure to new business opportunities. It establishes a foundational level of trust across these business networks and, thus, a willingness to openly share information. It empowers these networks with the collaborative, gaming and analytical tools needed for members to engage each other and creatively solve business challenges. A Social business strives to remove unnecessary boundaries between experts inside the company and experts in the marketplace. It embraces the tools and leadership models that support capturing knowledge and insight from many sources, allowing it to quickly sense changes in customer mood, employee sentiment or process efficiencies. It utilizes analytics and social connections inside and outside the company to solve business problems and capture new business opportunities. A Social Business leverages these social networks to speed up business, gaining real time insight to make quicker and better decisions. It gets information to customers and partners in new ways -- faster. Supported by ubiquitous access on mobile devices and new ways of connecting and working together in the Cloud and on open platforms, a Social Business turns time and location from constraints into advantages. Business is free to occur when and where it delivers the greatest value, allowing the organization to adapt quickly to the changing marketplace. We believe the most effective approach to enabling a Social Business centers around helping people discover expertise, develop social networks and capitalize on relationships.

  18. Canadian Business Schools: Going out of Business?

    Science.gov (United States)

    Dobni, Dawn; Dobni, Brooke

    1996-01-01

    Using Porter's five-forces model (potential entrants, suppliers, buyers, rivalry, substitutes) to analyze competition in Canadian university business schools, the authors conclude that schools are becoming increasingly vulnerable to competitive pressures and that strategic reorientation is necessary. (SK)

  19. Business Performer-Centered Design of User Interfaces

    Science.gov (United States)

    Sousa, Kênia; Vanderdonckt, Jean

    Business Performer-Centered Design of User Interfaces is a new design methodology that adopts business process (BP) definition and a business performer perspective for managing the life cycle of user interfaces of enterprise systems. In this methodology, when the organization has a business process culture, the business processes of an organization are firstly defined according to a traditional methodology for this kind of artifact. These business processes are then transformed into a series of task models that represent the interactive parts of the business processes that will ultimately lead to interactive systems. When the organization has its enterprise systems, but not yet its business processes modeled, the user interfaces of the systems help derive tasks models, which are then used to derive the business processes. The double linking between a business process and a task model, and between a task model and a user interface model makes it possible to ensure traceability of the artifacts in multiple paths and enables a more active participation of business performers in analyzing the resulting user interfaces. In this paper, we outline how a human-perspective is used tied to a model-driven perspective.

  20. Business Intelligence in Process Control

    Science.gov (United States)

    Kopčeková, Alena; Kopček, Michal; Tanuška, Pavol

    2013-12-01

    The Business Intelligence technology, which represents a strong tool not only for decision making support, but also has a big potential in other fields of application, is discussed in this paper. Necessary fundamental definitions are offered and explained to better understand the basic principles and the role of this technology for company management. Article is logically divided into five main parts. In the first part, there is the definition of the technology and the list of main advantages. In the second part, an overview of the system architecture with the brief description of separate building blocks is presented. Also, the hierarchical nature of the system architecture is shown. The technology life cycle consisting of four steps, which are mutually interconnected into a ring, is described in the third part. In the fourth part, analytical methods incorporated in the online analytical processing and data mining used within the business intelligence as well as the related data mining methodologies are summarised. Also, some typical applications of the above-mentioned particular methods are introduced. In the final part, a proposal of the knowledge discovery system for hierarchical process control is outlined. The focus of this paper is to provide a comprehensive view and to familiarize the reader with the Business Intelligence technology and its utilisation.

  1. Business Climate and Good Governance

    Directory of Open Access Journals (Sweden)

    Besmira Manaj

    2015-03-01

    Full Text Available This paper consists of three factors, namely: Good Governance, Business Climate and Corruption. How they affect the development product of Albania, not only as a concept, and a principle but mostly as a sensitive aspect in the integration process. There are some interpretations of this concept, but I intend to analyze the key factors and actors, their cooperation and concrete production in society. Improving governance is necessary to have an integrated long term strategy based upon a continuous cooperation between institutions and citizens. But in developing countries like Albania there are some important questions such as: How can we measure the improvement of Good Governance through policies? Has Good Governance indicated an effective way for the sustainable development? (Meisel, 2008, 6. These question give us the orientation to reflect about the process of development, social economic political behavior and how this multidimensional is transformed in product of good governance. The business cycle is strongly connected with many aspects of political-, social-, juridical aspects and good governance. Despite attempts to draft law regulations, the level of corruption and informality in Albania continues to be a major obstacle. The credibility level in the implementation of law is an indicator that affects democratization and institutional integration. At present, different reports of international institutions, define Albania as the country with the highest level of Corruption in the Balkans, which is a key factor influencing business. The ways with

  2. Developing Business to Business Knowledge Creating Processes

    OpenAIRE

    Horan, Conor; Finch, John

    2011-01-01

    Business-to-business networks are complex dynamic environments alive with processes of continuous change. Research about how firms can account for dynamic change and use this to obtain a sustainable competitive advantage is limited and confused. In addition there is little by way of research aimed at understanding how dyadic relationships and in turn networked organisations account strategically for dynamic change. In addition previous work toward understanding what leads to a sustainable com...

  3. 76 FR 8221 - Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status...

    Science.gov (United States)

    2011-02-11

    ... February 11, 2011 Part VII Small Business Administration 13 CFR Parts 121 and 124 Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status Determinations; Final Rule #0;#0... BUSINESS ADMINISTRATION 13 CFR Parts 121 and 124 RIN 3245-AF53 Small Business Size Regulations;...

  4. A model for Business Intelligence Systems’ Development

    Directory of Open Access Journals (Sweden)

    Manole VELICANU

    2009-01-01

    Full Text Available Often, Business Intelligence Systems (BIS require historical data or data collected from var-ious sources. The solution is found in data warehouses, which are the main technology used to extract, transform, load and store data in the organizational Business Intelligence projects. The development cycle of a data warehouse involves lots of resources, time, high costs and above all, it is built only for some specific tasks. In this paper, we’ll present some of the aspects of the BI systems’ development such as: architecture, lifecycle, modeling techniques and finally, some evaluation criteria for the system’s performance.

  5. CONTROLLING AND BUSINESS EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Tina Vuko

    2013-02-01

    Full Text Available Managing business successfully in dynamic environment requires effective controlling system. Controlling is the process of defining objectives, planning and management control so that every decision maker can act in accordance with agreed objectives. Controlling function as a separate department contributes business efficiency trough ensuring transparency of business result and business processes. Controlling takes place when manager and controller cooperate. The aim of this paper is to investigate the effectiveness of controlling function (i.e. controlling department in Croatian companies and to address the specific features of the function that contribute significantly to overall business performance. The research is conducted on the sample of companies listed on the Regulated market of the Zagreb Stock Exchange. Survey is used as a method to collect the data regarding the controlling function, while financial data necessary for the research are extracted from the published financial statements. Results of the research indicate that controlling department has positive effects on the business performance.

  6. Business and biodiversity

    DEFF Research Database (Denmark)

    Andersen, Rasmus Meyer; Lehmann, Martin; Christensen, Per

    - a challenge that needs to be shared between conservationists, green organisations, public authorities, as well as the private sector. A new wave of green initiatives has emerged within the culture of business and marketing. The reasons for why businesses should engage in environmental actions are many......, but the effort has until now considered biodiversity actions relatively little, compared to other areas such as e.g. climate related actions. Nevertheless, the opportunity for businesses to meet their responsibilities and lift a share of the challenge is far from being just a romantic thought. Nor...... is the challenge of engaging businesses in responsible actions. The core challenge is to create awareness of the environmental phenomenon biodiversity, inform about the significance of business involvement, and encourage the business world to participate in this process of protecting biodiversity as the valuable...

  7. Crowdsourcing Business Model Innovation

    DEFF Research Database (Denmark)

    Waldner, Florian; Poetz, Marion

    Successfully adapting existing business models or developing new ones significantly influences a firm?s ability to generate profits and develop competitive advantages. However, business model innovation is perceived as a complex, risky and uncertain process and its success strongly depends on whe...... models in the podcast industry, we provide first exploratory insights into the value of crowdsourcing for innovating a firm?s business model, and discuss which characteristics of crowd-contributors increase the quantity and quality of the outcome....

  8. Why business models matter.

    Science.gov (United States)

    Magretta, Joan

    2002-05-01

    "Business model" was one of the great buzz-words of the Internet boom. A company didn't need a strategy, a special competence, or even any customers--all it needed was a Web-based business model that promised wild profits in some distant, ill-defined future. Many people--investors, entrepreneurs, and executives alike--fell for the fantasy and got burned. And as the inevitable counterreaction played out, the concept of the business model fell out of fashion nearly as quickly as the .com appendage itself. That's a shame. As Joan Magretta explains, a good business model remains essential to every successful organization, whether it's a new venture or an established player. To help managers apply the concept successfully, she defines what a business model is and how it complements a smart competitive strategy. Business models are, at heart, stories that explain how enterprises work. Like a good story, a robust business model contains precisely delineated characters, plausible motivations, and a plot that turns on an insight about value. It answers certain questions: Who is the customer? How do we make money? What underlying economic logic explains how we can deliver value to customers at an appropriate cost? Every viable organization is built on a sound business model, but a business model isn't a strategy, even though many people use the terms interchangeably. Business models describe, as a system, how the pieces of a business fit together. But they don't factor in one critical dimension of performance: competition. That's the job of strategy. Illustrated with examples from companies like American Express, EuroDisney, WalMart, and Dell Computer, this article clarifies the concepts of business models and strategy, which are fundamental to every company's performance.

  9. 2015 Business Licenses

    Data.gov (United States)

    City of Jackson, Mississippi — This data displays all business license information for the year of 2015. This information details license classifications and status. This information will updated...

  10. Business Information Culture

    Directory of Open Access Journals (Sweden)

    Gunilla Widén-Wulff

    2000-01-01

    Full Text Available This research project is going to review the existing information cultures in 15 Finnish insurance businesses through a qualitative study. The interview-material consists of 40 in-depth-interviews and they are being analysed through the multiple case study method. The analysis is conducted in 5 stages considering information environment, information as resource, work processes, innovation and business success. The information culture varieties compared to the business success will hopefully be useful to create an understanding for the need of a broad understanding of the modern knowledge management concept in business organisations.

  11. Neuroeconomics and business psychology

    DEFF Research Database (Denmark)

    Larsen, Torben

    2010-01-01

    To determine parameters of the frontal power of executive integration for application in business, this paper reviewed neuroeconomic neuroimaging research and discussion in relation to business psychology. The results are that limbic system (L) is a centre of primary consciousness based on a meso......To determine parameters of the frontal power of executive integration for application in business, this paper reviewed neuroeconomic neuroimaging research and discussion in relation to business psychology. The results are that limbic system (L) is a centre of primary consciousness based...

  12. MARKETING GREEN BUSINESS

    OpenAIRE

    NEGISHI, Keiko

    2012-01-01

    A large number of businesses have implemented sustainability and corporate responsibility programs in the last five to ten years, mostly in the absence of immediate regulatory or carbon pricing pressure. In this paper, I examine the incentives for companies to engage in these sustainability efforts a part of “business as usual,” and the degree to which programs for marketing these efforts build on “marketing as usual.” The business incentives arise from a “leveraging” of business. environment...

  13. Now Open for Business

    DEFF Research Database (Denmark)

    Johansson de Silva, Sara; Kokko, Ari; Norberg, Hanna

    disputed, from proponents’ claim that supporting the growth and development of (formal) business is at the heart of what aid should do to antagonists’ view that aid could and should be used better than to increase profits for business. The present report is not about private sector development in partner...... countries per se. It studies the extent to which actors in the business sector can act as partners in development cooperation to help fulfil the objectives of aid. In the report, Sara Johansson de Silva, Ari Kokko, and Hanna Norberg map out the extent of, and analyse the potential development gains from...... business practices, increasing the sustainability of firms....

  14. FES cycling.

    Science.gov (United States)

    Newham, D J; Donaldson, N de N

    2007-01-01

    Spinal cord injury (SCI) leads to a partial or complete disruption of motor, sensory, and autonomic nerve pathways below the level of the lesion. In paraplegic patients, functional electrical stimulation (FES) was originally widely considered as a means to restore walking function but this was proved technically very difficult because of the numerous degrees of freedom involved in walking. FES cycling was developed for people with SCI and has the advantages that cycling can be maintained for reasonably long periods in trained muscles and the risk of falls is low. In the article, we review research findings relevant to the successful application of FES cycling including the effects on muscle size, strength and function, and the cardiovascular and bone changes. We also describe important practical considerations in FES cycling regarding the application of surface electrodes, training and setting up the stimulator limitations, implanted stimulators and FES cycling including FES cycling in groups and other FES exercises such as FES rowing.

  15. Gendered Discourse about Family Business

    Science.gov (United States)

    Danes, Sharon M.; Haberman, Heather R.; McTavish, Donald

    2005-01-01

    Language patterns of family business owners were explored by identifying discourse styles and emphasized ideas in four presenting contexts: business, family, intersection of family and business, and business success. The content analysis supports the existence of a general discourse style within family businesses and of similarities and…

  16. What is the Business of Business?

    DEFF Research Database (Denmark)

    Lystbæk, Christian Tang

    2014-01-01

    This paper argues that environment issues in general and energy transition in particular have become central issues in the twenty-first century. Environmental problems pervade all areas of daily life, including the world of business. Put simply, business activity not only affects the natural...... as it appear to resolve. Dominant conceptions of CSR identify a series of different types of corporate responsibilities, fx. economic, legal, social, environmental, etc. (e.g. Crane & Matten, 2010). Although such conceptions employed by numerous theorists and empirical researchers, there involve several...

  17. Alignment of Business Process Management and Business Rules

    NARCIS (Netherlands)

    Zoet, Martijn; Versendaal, Johan; Ravesteijn, Pascal; Welke, Richard

    2011-01-01

    From the article: Business process management and business rules management both focus on controlling business activities in organizations. Although both management principles have the same focus, they approach manageability and controllability from different perspectives. As more organizations dep

  18. Matchmaking for business processes

    NARCIS (Netherlands)

    Wombacher, Andreas; Fankhauser, Peter; Mahleko, Bendick; Neuhold, Erich

    2003-01-01

    Web services have a potential to enhance B2B ecommerce over the Internet by allowing companies and organizations to publish their business processes on service directories where potential trading partners can find them. This can give rise to new business paradigms based on ad-hoc trading relations a

  19. Epistemic Virtues in Business

    NARCIS (Netherlands)

    de Bruin, Boudewijn

    2013-01-01

    This paper applies emerging research on epistemic virtues to business ethics. Inspired by recent work on epistemic virtues in philosophy, I develop a view in which epistemic virtues contribute to the acquisition of knowledge that is instrumentally valuable in the realisation of particular ends, busi

  20. IBM Small Business Survey.

    Science.gov (United States)

    International Business Machines Corp., Armonk, NY.

    A telephone survey conducted March 15-22, 1991, examined how small businesses are currently performing. Interviewees were 400 small business owners randomly selected from a Dun and Bradstreet list of companies with 50 or fewer employees. Major findings were as follows: (1) owners were survivors, highly confident in their own abilities, and…

  1. Building Tomorrow's Business Today

    Science.gov (United States)

    Ryan, Jim

    2010-01-01

    Modern automobile maintenance, like most skilled-trades jobs, is more than simple nuts and bolts. Today, skilled-trades jobs might mean hydraulics, computerized monitoring equipment, electronic blueprints, even lasers. As chief executive officer of Grainger, a business-to-business maintenance, repair, and operating supplies company that…

  2. Business Communication in BELF

    Science.gov (United States)

    Kankaanranta, Anne; Louhiala-Salminen, Leena

    2007-01-01

    The authors' business communication perspective is not in fact that of ESL but rather English as a foreign language (EFL) or, even more so, English as a lingua franca (ELF). To be more specific, they would like to add one more acronym to the list: They teach BELF, by which they refer to ELF for business communication purposes. The authors work as…

  3. Fundamentals of Business Economics

    OpenAIRE

    2013-01-01

    Powerpoint presentations of the 9 theoretical units of the subject: Fundamentals of Business Economics. Business Administration Degree. Faculty of Economics. University of Alicante En el marco de ayudas a preparación de materiales docentes en lengua inglesa, por parte del Servei de Política Llingüística de la Universidad de Alicante

  4. The Business Letter.

    Science.gov (United States)

    Nederland Independent School District, TX.

    GRADES OR AGES: Grades 9-12. SUBJECT MATTER: Business. ORGANIZATION AND PHYSICAL APPEARANCE: This guide, designed for direct student use, indicates the parts of a business letter, a placement guide, and steps for typing letters. Worksheets and illustrations indicate forms of block and indented styles; open, closed, and mixed punctuation; the…

  5. GLOBALIZATION AND BUSINESS ETHICS

    OpenAIRE

    Khadartseva, L.; Agnaeva, L.

    2014-01-01

    It is assumed that local conditions of markets may be different, but some global markets, ethics and social responsibility principles should be applicable to all markets. As markets globalize and an increasing proportion of business activity transcends national borders, institutions need to help manage, regulate, and police the global marketplace, and to promote the establishment of multinational treaties to govern the global business system

  6. Teaching Business Online

    Science.gov (United States)

    MacKillop, Robyn

    2010-01-01

    Business is integral to the functioning of the national economy, politics, education and everyday living. It is without question that business education is a vital part of the high school experience, and should be seen as required courses rather than electives. Preparing high school students for real life beyond high school happens in the business…

  7. The Business Modeling Lab

    DEFF Research Database (Denmark)

    Buur, Jacob; Mitchell, Robb

    2011-01-01

    This paper presents a set of techniques for modelling business in rich, tangible formats. These tangible formats were developed in companies and educational settings and have proven extraordinarily successful in initiating conversations about how to innovate business in cross-disciplinary and cross...... to the success we cannot yet explain....

  8. Personal Achievement Reading: Business.

    Science.gov (United States)

    Swinton, Janet R.

    Exercises are provided in this set of four workbooks designed to aid students in business programs in building vocabulary and reading skills. Each workbook borrows from business terminology to provide explanations and exercises for a sequential series of instructional objectives. One workbook concentrates on developing the ability to determine…

  9. Social enterprise. Risky business.

    Science.gov (United States)

    2007-02-15

    The skills needed to run a social enterprise are similar to those needed for conventional business. Accounts for social enterprises will have a 'double bottom line', showing social benefit as well as profit. Finding a good mentor is vital, as is setting out a clear vision and values in your business plan.

  10. Business Process Simulation: Requirements for Business and Resource Models

    Directory of Open Access Journals (Sweden)

    Audrius Rima

    2015-07-01

    Full Text Available The purpose of Business Process Model and Notation (BPMN is to provide easily understandable graphical representation of business process. Thus BPMN is widely used and applied in various areas one of them being a business process simulation. This paper addresses some BPMN model based business process simulation problems. The paper formulate requirements for business process and resource models in enabling their use for business process simulation.

  11. Designing Business Model Change

    DEFF Research Database (Denmark)

    Cavalcante, Sergio Andre

    2014-01-01

    in a structured and comprehensive way. Such a tool is useful for obtaining an overall view of the working logic of the firm and to facilitate innovation through change. The main contribution of this paper is to transform management theories into an instrument that can be helpful for companies to develop......The aim of this paper is to base organisational change on the firm's business model, an approach that research has only recently start to address. This study adopts a process-based perspective on business models and insights from a variety of theories as the basis for the development of ideas...... on the design of business model change. This paper offers a new, process-based strategic analytical artefact for the design of business model change, consisting of three main phases. Designing business model change as suggested in this paper allows ex ante analysis of alternative scenarios of change...

  12. English Business Correspondence

    Institute of Scientific and Technical Information of China (English)

    柯仁爱

    2014-01-01

    Against the background of economic globalization and regional integration, nations with their respective competitive advantages and disadvantages are becoming increasingly interdependent. Any country should learn how to utilize foreign resources as a source of its raw materials, a market of its finished products and an opportunity of obtaining the most advanced technology to improve its own comprehensive national strength. China has undergone more than twenty years’ reform and opening to the outside world, with China’s entry into WTO,international economic and technological cooperation and exchanges become more and more popular in China. People in business, whatever their titles are,spend a lot of time exchanging information with their foreign counterparts.Whenever there is an exchange, misunderstanding which is costly to business is likely to occur. However, appropriate business correspondence is given high evaluation and facilitates the achievement of business transaction. The competence of communicating effectively in business correspondence may bring great benefit for both the individuals and organizations.

  13. Internationalization of Family Businesses

    DEFF Research Database (Denmark)

    Boyd, Britta; Hollensen, Svend; Goto, Toshio

    2010-01-01

    This article focuses on the international joint venture formation process of family businesses. The reasoning behind Danfoss’ decision to cooperate with two competing family businesses in Japan and China as well as two nonfamily businesses in Canada and Britain will be analysed. In......-depth qualitative interviews reveal the driving forces on both sides and show how the psychic distance can be reduced between the different parent firms including the joint venture (JV) child. The purpose of this study is to compare equal split or equity joint ventures of non-family and family firms regarding...... the formation process including competences and cultures. The study indicates what core competences of a family business matter when cooperating in equal split joint ventures. Implications for family business owners and ideas for future research are discussed....

  14. Business Model Innovation Leadership

    DEFF Research Database (Denmark)

    Lindgren, Peter; Rasmussen, Ole Horn

    2012-01-01

    Leading business model (BM) strategizing through “the field of innovation” has not yet been covered in business model and innovation leadership literature. This is a bit peculiar considering that there has been an increased focus on BM innovation (BMI) by academics and industry since 2011....... The importance of BM and BMI is regarded as key to future business development and to the growth of our society. BM is widely acknowledged in a range of organizations, societies and in global competitions as “the heart(s) of the business” and business model innovation is mentioned as “the tree of innovation......”. This emphasizes the importance of questioning. How is BM innovation leadership (BMIL) carried out in companies related to various BM(s) and BMI tasks and throughout their business model innovation process? And, how can innovation leadership be related to BMI? A framework model for BMIL based on case research...

  15. Discovering the Business Studio

    DEFF Research Database (Denmark)

    Barry, Daved; Meisiek, Stefan

    2015-01-01

    Over the past decade, numerous business schools have begun experimenting with studio-based inquiry, often drawing inspiration from professional studios used within art and design schools and from business and governmental studios used for problem-solving and innovation. Business school studios vary...... considerably in form, ranging from temporary “pop up” studios to dedicated facilities with full-time staff, with the primary purpose of educating managers in craft, art, and design-based approaches to business problems. The jury on the studio phenomenon is out—can they deliver on their educational promise......? To address this question, we pull together 25 years of studio experimentation in multiple settings, visits, and observations of studios around the world and interviews with studio makers from various disciplines. We consider the question of “what is a business studio?” in some detail, conjecture about...

  16. Understanding Social Business

    DEFF Research Database (Denmark)

    Vatrapu, Ravi

    2013-01-01

    , social media analytics, and social media management. Social media engagement concerns the organization’s strategic use of social media channels to interact with its internal and external stakeholders for purposes ranging from knowledge management to corporate social responsibility and marketing. Social...... media analytics refers to the collection, storage, analysis, and reporting of social data emanating from the social media engagement of and social media conversations about the organization. Social media management focusses on the operational issues, managerial challenges, and comparative advantages......“Social business” refers to the utilization of online social channels to conduct business. This chapter situates the notion of social business in the relevant macro trends in technology, business, and society and discusses the three critical aspects of social business: social business engagement...

  17. 75 FR 1296 - Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status...

    Science.gov (United States)

    2010-01-11

    ... From the Federal Register Online via the Government Publishing Office SMALL BUSINESS ADMINISTRATION 13 CFR Parts 121 and 124 Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status Determinations AGENCY: U.S. Small Business Administration. ACTION: Notice...

  18. 77 FR 28237 - Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status...

    Science.gov (United States)

    2012-05-14

    ... / Monday, May 14, 2012 / Rules and Regulations#0;#0; ] SMALL BUSINESS ADMINISTRATION 13 CFR Part 124 RIN 3245-AF53 Small Business Size Regulations; 8(a) Business Development/Small Disadvantaged Business Status Determinations; Correction AGENCY: U.S. Small Business Administration. ACTION:...

  19. Business Communications Students Demonstrate Realistic Business Practices.

    Science.gov (United States)

    Lehman, Carol M.

    1987-01-01

    Suggests that business communication students can improve their management and communications skills by forming teams and playing the roles of corporate employees, including holding stockholders' meetings, drawing up reports, discussing new products, and in general honing their professional appearance and conduct. (JC)

  20. Business Plan: Paper Recycling Plant

    OpenAIRE

    Ali, Muhammad; Askari, Sana; Salman, Muhammad; Askari, Sheba

    2008-01-01

    This Business Plan was written for Business Plan competition organized by Ministry of Youth Affairs Government of Pakistan. It explains the paper recycling business, its pros and cons, cost of paper recycling, plant options and feasibility.

  1. Learning Activities for International Business.

    Science.gov (United States)

    Haynes, Thomas

    1998-01-01

    The National Standards for Business Education include nine areas relating to international business: awareness, communication, environmental factors, ethics, finance, management, marketing, import/export, and organizational structure of international business. (SK)

  2. Self-Fulfilling Credit Cycles

    OpenAIRE

    Costas Azariadis; Leo Kaas

    2012-01-01

    This paper argues that self-fulfilling beliefs in credit conditions can generate endogenously persistent business cycle dynamics. We develop a tractable dynamic general equilibrium model with idiosyncratic firm productivity shocks. Capital from less productive firms is lent to more productive ones in the form of credit secured by collateral and also as unsecured credit based on reputation. A dynamic complementarity between current and future credit constraints permits uncorrelated sunspot sho...

  3. Sustainable business - Case studies from Finnish forerunners

    OpenAIRE

    Valkokari, Pasi; Tura, Nina; Martinsuo, Miia; Dooley, Kenneth; Hanski, Jyri; Jännes, Jere; Kivilä, Jesse; Palomäki, Katariina; Reunanen, Markku; Valkokari, Katri; Sukanen, Ilmari

    2016-01-01

    The research and development project called “Strategic business models and governance for sustainable solutions” has sought for new knowledge on how companies can take sustainability into consideration at the different phases of a solution’s life cycle. The research work was conducted by VTT Technical Research Centre of Finland Ltd, Lappeenranta University of Technology, Tampere University of Technology and Aalto University. The development work was carried out in close co-operation with comp...

  4. ACADEMIC MOTIVATION FOR BUSINESS INFORMATION SYSTEMS STUDENTS

    Directory of Open Access Journals (Sweden)

    Catalin Maican

    2015-05-01

    Full Text Available Academic Motivation Scale (AMS was applied to Business Information Systems students for finding out their reasons and motives for enrolling this academic field, for undergraduate and postgraduate academic cycles. The students were presented the AMS scale translated in Romanian, together with other questionnaires. The first part of the paper makes a short introduction to AMS, the second describes its objectives, while the third presents the results.

  5. Contribution on family business definition

    OpenAIRE

    Vallone, C

    2013-01-01

    Despite numerous researches and an ample literature, there is not a unanimously and approved family business definition which identify family businesses from nonfamily businesses. Which are the aspects to describe exactly a family business? Which are the aspects that help to recognise family business from nonfamily business? Answering to these questions means to circumscribe the field of investigation, and obtain a comparable sample for international researches; to individualize the presence ...

  6. Doing Business in Hargeisa 2012

    OpenAIRE

    World Bank; International Finance Corporation

    2012-01-01

    Doing Business in Hargeisa 2012 measures business regulations and their enforcement in Hargeisa, Somaliland. It is the first Doing Business city profile in Somaliland. Comparisons with other economies are based on Doing Business 2012, doing business in a more transparent world, the ninth in a series of annual reports published by the World Bank and International Finance Corporation. The indicators in Doing Business in Hargeisa 2012 are also comparable with 335 cities from 54 economies benchma...

  7. Doing Business in Zanzibar 2010

    OpenAIRE

    World Bank; International Finance Corporation

    2010-01-01

    Doing Business in Zanzibar 2010 is a new subnational report of the Doing Business series on the sub-Saharan African region, following the subnational Doing Business reports on Nigeria and Kenya. It measures business regulations and their enforcement in the region of Zanzibar, represented by Zanzibar Town. Doing Business series currently covers 183 economies around the world. The paper includes the following headings: overview, starting a business, dealing with construction permits, employing ...

  8. A Study on Integrating Business Intelligence into E-Business

    Directory of Open Access Journals (Sweden)

    Sim Sheng Hooi

    2012-01-01

    Full Text Available With the high speed of development in the information technology area, many organizations use the Internet in their businesses instead of traditional "brick and mortar" physical stores. With the rapid spread of the Internet, people can access the web easily anywhere and anytime without barriers of time or space. However, a lot of data collected from global and local e-businesses is complex and unstructured and thus of limited use. Business intelligence tools could be used to extract accurate and useful information about future forecasts, business patterns, and business decision making. This paper provides a high level view of business intelligence and its benefits in e-business. Methods of adopting business intelligence are studied and examples of current market business intelligence tools are given in order to give a better idea of business intelligence usage in e-business.

  9. WOMEN IN FAMILY BUSINESS

    Directory of Open Access Journals (Sweden)

    Mr Anshu

    2012-04-01

    Full Text Available The role of women in family businesses is explored in the paper. Although recognized as generally very important players, the role of women is often defined as invisible in business decision-making, supportive in men’s traditional business domains and only rarelyadequately recognized and rewarded. The paper explores possible differences in the views of men and women who manage small family firms. Their attitudes opposing the traditional business roles ofwomen, different views on managerial, ownership and transition issues and possible gender discrimination are examined. The findings support the paradigm of a different, more feminine style of management, while signs of discrimination are not clearly revealed. This paper is based on a research intended to provide acomparative analysis of the status of women entrepreneurs and men entrepreneurs in Family Business in India. It first draws demographic & psychographic profiles of women and men entrepreneurs in family business, identifies & addresses operational problems faced by women and men entrepreneurs in family business, draws theirinclination for future plans for growth and expansion and also for the furtherance of research on women entrepreneurs in India.

  10. 中国电力行业周期波动特征及电力需求影响因素分析——基于景气分析及误差修正模型的研究%Characteristics of Electricity Industry Cycle Fluctuation and Influential Factors of Electricity Demand Based on Business Analysis and the Error Correction Model

    Institute of Scientific and Technical Information of China (English)

    刘畅; 高铁梅

    2011-01-01

    2008年的国际金融危机使我国电力消费需求快速下降,而宏观经济却保持正增长,这一现象使人们怀疑数据的真实性.本文使用景气分析方法建立了电力行业景气指数,分析了2000年以来电力行业的周期波动特征,并使用月度数据建立了误差修正模型,研究了影响电力行业波动的长期经济因素和短期动态调整效应.研究结果表明,电力行业景气与宏观经济波动具有一致的变化趋势,但波动幅度不同;工业经济增长、高耗电行业结构、库存及电力需求之间存在稳定的长期均衡关系,工业经济增长和经济结构重型化是影响电力需求的最重要因素,库存与电力需求之间存在显著负相关关系;从金融危机时期电力行业波动的谷底来看,工业经济下滑和高耗电行业结构变化是电力行业周期波动出现深谷的主要原因,特别地,由于市场需求变化引起的库存调整能够导致电力需求更剧烈的波动;无论是长期还是短期,电价对电力需求的影响都不显著.%Due to the outbreak of the global financial crisis and its impact on the real economy in China, China' s electricity consumption demand reduced significantly. In the second half of year 2008, the contradiction that electricity consumption declination was accompanied with GDP growth occurred. The authors examined characteristics of cyclical fluctuation of the electricity industry, the relationship between the electricity industry cycle and macro economic cycle, and factors affecting changes in electricity consumption. Using monthly macro and performance data across the period January 1999-November 2009, the authors first constructed the business indexes for China' s electricity industry with business analysis methods to analyze characteristics of the electricity industry cycle and fluctuation since 2000. With the time difference correlation analysis and cyclical pattern matching methods, the authors selected

  11. Quality Management and Business Excellence

    Directory of Open Access Journals (Sweden)

    Vasile Dinu

    2017-02-01

    Full Text Available An excellent organization involves much more than the implementation and the certification of one or more models of management systems. It means developing techniques and tools of busin excellence which lead the organization to outstanding performance on quality, costs and deadlines in order to meet the expectations of all their stakeholders. Such an approach is needed especially in the context of an economy marked by globalization, extremely complex and dynamic that causes spectacular changes in the business environment by integrating quality management principles on purpose to develop sustainable excellence. Not coincidentally, the new edition of the European excellence model EFQM integrates for the first time the principle "managing with agility“ with the principles: “developing organizational capability”, “harnessing creativity & innovation”, “adding value to the customer”, “sustaining outstanding results” for the organization and “creating a sustainable future”. Also, the new model for quality management system defined by the edition from 2015 of ISO 9000 standards , promotes the process-based approach, incorporating the cycle "Plan - Do − Check − Act" (PDCA and the risk-based thinking, focusing on organizational change and innovation, in order to ensure a sustainable performance in business. Noteworthy is the endeavor for the development of a high-level structure for all international standards for management systems, aiming to harmonize these standards to facilitate the implementation of integrated management systems (quality − environment − security − social responsibility.

  12. Business Metaphors in a Bilingual Business Lexicon*

    Directory of Open Access Journals (Sweden)

    Li Lan

    2011-10-01

    Full Text Available

    Abstract: General purpose dictionaries benefit users at large in many ways, but the definitions and examples might not satisfy the diverse needs of different professional users. This is especially true of metaphors. The article discusses the treatment of business metaphors in the PolyU Business Lexicon derived from the trilingual PolyU Business Corpus (PUBC. During the process the concordances are grouped by senses, and then separated according to their literal and metaphorical meanings, which in turn lead to the decisions of sense order, word meaning and translation equivalents. Since different cultures have different 'bags' of metaphors, and metaphorical meanings also vary in different registers, the focus is primarily on the differences between Chinese and English in terms of culture, psychology, language and how such differences can be translated and presented in a corpus-based business lexicon with a minimum loss of their original connotations. Cultural transformations, such as direct translation, image substitution, explanatory notes and abandonment of the figure of speech, are suggested to bridge interlanguage metaphorical gaps.

    Keywords: METAPHOR, DEFINITION, TRANSLATION, CULTURAL DIFFERENCE

    Opsomming: Sakemetafore in 'n tweetalige sakewoordeboek. Woordeboeke vir algemene doeleindes bevoordeel gewone gebruikers op baie maniere, maar die definisies en voorbeelde mag dalk nie die uiteenlopende behoeftes van verskillende professionele gebruikers bevredig nie. Dit is veral waar van metafore. Die artikel bespreek die behandeling van sakemetafore in die PolyU Business Lexicon gebaseer op die drietalige PolyU Business Corpus (PUBC. Gedurende die proses word die konkordansies deur betekenisse gegroepeer, en dan geskei volgens hul letterlike en metaforiese betekenisse, wat vervolgens lei tot die besluite oor betekenisorde, woordbetekenis, en vertaalsekwivalente. Aangesien verskillende kulture verskillende "sakke" metafore het, en

  13. A Risky Business?

    DEFF Research Database (Denmark)

    Blasco, Maribel

    2003-01-01

    The paper looks at initiatives taken by the Mexican Employers' Confederation (COPARMEX)aimed at promoting collaboration among civil society associations around the issue of publicsafety. Insecurity in the form of robbery, assault and kidnapping causes huge losses to business inMexico. It is argued...... that business leaders are seeking to create consensus and form alliancesamong civil society around the topic of insecurity, both to combat crime but also as a strategy tostrengthen links with civil society and improve the image of business, which has suffered due to theincreasing resonance of anti...

  14. Statistics for business

    CERN Document Server

    Waller, Derek L

    2008-01-01

    Statistical analysis is essential to business decision-making and management, but the underlying theory of data collection, organization and analysis is one of the most challenging topics for business students and practitioners. This user-friendly text and CD-ROM package will help you to develop strong skills in presenting and interpreting statistical information in a business or management environment. Based entirely on using Microsoft Excel rather than more complicated applications, it includes a clear guide to using Excel with the key functions employed in the book, a glossary of terms and

  15. Sustaining a Business

    DEFF Research Database (Denmark)

    Marinova, Svetla Trifonova; Marinov, Marin Alexandrov

    2015-01-01

    system was under way. Dyadic and triadic relationships are investigated by applying sets of theoretical approaches to the creation of an East-West business relationship. They encompass the role of the country’s government, the management of the focal company and the foreign partner. Furthermore, the role......The chapter explores how internationalisation accounted for sustained business success during the turbulent time of radical economic, political and social transformation in Eastern Europe. The study adopts a longitudinal approach to exploring the evolution of internationalisation – from...... and the integration of the company into global business structures....

  16. Fes cycling

    Directory of Open Access Journals (Sweden)

    Berkelmans Rik

    2008-01-01

    Full Text Available Many research with functional electrical stimulation (FES has been done to regain mobility and for health benefits. Better results have been reported for FES-cycling than for FES-walking. The majority of the subjects during such research are people with a spinal cord injury (SCI, cause they often lost skin sensation. Besides using surface stimulation also implanted stimulators can be used. This solves the skin sensation problem, but needs a surgery. Many physiological effects of FES-cycling has been reported, e.g., increase of muscles, better blood flow, reduction of pressure ulcers, improved self-image and some reduction of bone mineral density (BMD loss. Also people with an incomplete SCI benefit by FES-cycling, e.g. cycling time without FES, muscle strength and also the walking abilities increased. Hybrid exercise gives an even better cardiovascular training. Presently 4 companies are involved in FES-cycling. They all have a stationary mobility trainer. Two of them also use an outdoor tricycle. One combined with voluntary arm cranking. By optimizing the stimulation parameters the power output and fatigue resistance will increase, but will still be less compared to voluntary cycling.

  17. BUSINESS PROCESS REENGINEERING AS THE METHOD OF PROCESS MANAGEMENT

    Directory of Open Access Journals (Sweden)

    O. Honcharova

    2013-09-01

    Full Text Available The article is devoted to the analysis of process management approach. The main understanding of process management approach has been researched in the article. The definition of process and process management has been given. Also the methods of business process improvement has been analyzed, among them are fast-analysis solution technology (FAST, benchmarking, reprojecting and reengineering. The main results of using business process improvement have been described in figures of reducing cycle time, costs and errors. Also the tasks of business process reengineering have been noticed. The main stages of business process reengineering have been noticed. The main efficiency results of business process reengineering and its success factors have been determined.

  18. Model business letters, emails and other business documents

    CERN Document Server

    Taylor, Shirley

    2012-01-01

    For anyone who wants to communicate effectively in business, this is your complete reference guide for any form of written communication. Packed with over 500 sample documents, over 100 tips for better business writing and useful templates you can apply to your writing immediately, Model Business Letters will help you put the key rules of good business writing into action.

  19. The Sine-Egyptian Joint Business Council Business Forum Held

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ On December 25, Chairman Wan Jifei led the Chinese business delegation attending the Sino-Egyptian Joint Business Council Business Forum co-hosted by the CCPIT and the Sino-Egyptian Business Council in Cairo, Egypt. Chinese vice Premier Li Keqiang who was on a visit to Egypt attended the forum and addressed the opening ceremony.

  20. Business Mathematics for Business Education Departments in Pennsylvania's Public Schools.

    Science.gov (United States)

    Parfet, James A.

    This document is meant to be used as a teaching aid to help business teachers in Pennsylvania high schools prepare pupils to assume positions in business offices. Methods are suggested by which business mathematics may be presented to develop the greatest level of pupil achievement. The chapters outline business mathematics in the high school…

  1. Business Survival and Success of Young Small Business Owners

    NARCIS (Netherlands)

    van Praag, C.M.

    2003-01-01

    Little empirical evidence provides insight in person-oriented drivers of business survival and success of small business owners. In this paper I perform a duration analysis of business survival amongst young white (selfemployed) small business owners in the U.S. Compulsory exits are distinguished fr

  2. Rethinking How Business Purpose Is Taught in Catholic Business Education

    Science.gov (United States)

    Johnson, Lyman; Naughton, Michael; Bojan, William

    2013-01-01

    Business education at a Catholic university should engage students and faculty across the university in critically examining the purpose of business in society. Following the best practices of leading business schools, the Catholic business curriculum has mostly focused on the shareholder and stakeholder approaches--with the shareholder approach…

  3. Product Life Cycle: Moving from Theory to Practice

    Directory of Open Access Journals (Sweden)

    Stanley Buchin

    2015-02-01

    Full Text Available Restaurant, bar, and hospitality trends are rapidly changing, and businesses must be more proactive than ever before to continuously stimulate business and prepare for a products natural life cycle. This article will explore a model of predicting PLC and strategic practices that can extend the mature phase of a restaurant or bar.

  4. Green Business - A Business of Sustainability

    OpenAIRE

    Kokalj, Žan

    2016-01-01

    Sustainability practices and sustainable development have been in close relation with human beings for a long time. This thesis aims to present historical aspects of sustainable development throughout the time, along with numerous green business ideas and green organizations presentations. From hunter-gatherers to ancient civilizations to fossil fuel era, historical review consists of connections between people from different times and places. Whilst moving from history to the present, the th...

  5. Maintenance Business Plans.

    Science.gov (United States)

    Adams, Matt

    2002-01-01

    Discusses maintenance business plans, statements which provide accountability for facilities maintenance organizations' considerable budgets. Discusses the plan's components: statement of plan objectives, macro and detailed description of the facility assets, maintenance function descriptions, description of key performance indicators, milestone…

  6. Enacting Business Models

    DEFF Research Database (Denmark)

    Michea, Adela

    companies is an intricate process, and a mountain to climb in the eyes of top management. Often, in the choice between innovation and control the latter wins. Studies have shown that technologies and processes, which have the potential to challenge the exiting model, are being filtered out. In here......This is an ethnographic study of business model innovation in an established manufacturing company. The motivation of the thesis is to propose a sensemaking (Weick, 1995), with focus on enactment (Weick, 1979), analysis of a business model innovation process, stepping outside the usual perspectives...... employed in analysing such a phenomenon, namely activity system, dynamic capability and transaction costs, discovery driven or cognitive perspective. The research question guiding the thesis is: How do established companies enact new business models? The innovation of business models in established...

  7. Evolution of Business Models

    DEFF Research Database (Denmark)

    Antero, Michelle C.; Hedman, Jonas; Henningsson, Stefan

    2013-01-01

    The ERP industry has undergone dramatic changes over the past decades due to changing market demands, thereby creating new challenges and opportunities, which have to be managed by ERP vendors. This paper inquires into the necessary evolution of business models in a technology-intensive industry (e.......g., develop new offerings, engage in partnerships, and the utilize new sales channels). This paper draws from strategy process perspective to develop an evolutionary business model (EBM) framework that explains the components and processes involved. The framework is then applied to a longitudinal case study...... of SAP to explain how its success in a technology-intensive industry hinges on its ability to reconfigure its business model. The paper contributes to the extant literature on business models in two ways: first, by identifying and explaining the need for an evolutionary perspective; and second...

  8. Business Model Process Configurations

    DEFF Research Database (Denmark)

    Taran, Yariv; Nielsen, Christian; Thomsen, Peter

    2015-01-01

    Purpose – The paper aims: 1) To develop systematically a structural list of various business model process configuration and to group (deductively) these selected configurations in a structured typological categorization list. 2) To facilitate companies in the process of BM innovation, by develop......Purpose – The paper aims: 1) To develop systematically a structural list of various business model process configuration and to group (deductively) these selected configurations in a structured typological categorization list. 2) To facilitate companies in the process of BM innovation......, by developing (inductively) an ontological classification framework, in view of the BM process configurations typology developed. Design/methodology/approach – Given the inconsistencies found in the business model studies (e.g. definitions, configurations, classifications) we adopted the analytical induction...... method of data analysis. Findings - A comprehensive literature review and analysis resulted in a list of business model process configurations systematically organized under five classification groups, namely, revenue model; value proposition; value configuration; target customers, and strategic...

  9. Business Process Inventory

    Data.gov (United States)

    Office of Personnel Management — Inventory of maps and descriptions of the business processes of the U.S. Office of Personnel Management (OPM), with an emphasis on the processes of the Office of the...

  10. Business Process Management

    Science.gov (United States)

    Mendling, Jan

    The recent progress of Business Process Management (BPM) is reflected by the figures of the related industry. Wintergreen Research estimates that the international market for BPM-related software and services accounted for more than USD 1 billion in 2005 with a tendency towards rapid growth in the subsequent couple of years [457]. The relevance of business process modeling to general management initiatives has been previously studied in the 1990s [28]. Today, Gartner finds that organizations that had the best results in implementing business process management spent more than 40 percent of the total project time on discovery and construction of their initial process model [265]. As a consequence, Gartner considers Business Process Modeling to be among the Top 10 Strategic Technologies for 2008.

  11. Change in Business Structure

    Data.gov (United States)

    Department of Veterans Affairs — Provides information on whether a company’s change in business structure affects its Data Universal Numbering System (DUNS) Number and its Vendor Information Pages...

  12. Business math for dummies

    CERN Document Server

    Sterling, Mary Jane

    2008-01-01

    Now, it is easier than ever before to understand complex mathematical concepts and formulas and how they relate to real-world business situations. All you have to do it apply the handy information you will find in Business Math For Dummies. Featuring practical practice problems to help you expand your skills, this book covers topics like using percents to calculate increases and decreases, applying basic algebra to solve proportions, and working with basic statistics to analyze raw data. Find solutions for finance and payroll applications, including reading financial statements, calculating wages and commissions, and strategic salary planning. Navigate fractions, decimals, and percents in business and real estate transactions, and take fancy math skills to work. You'll be able to read graphs and tables and apply statistics and data analysis. You'll discover ways you can use math in finance and payroll investments, banking and payroll, goods and services, and business facilities and operations. You'll learn ho...

  13. Focusing on Core Business

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    China is regulating state-owned enterprises that are investing outside of their core business realms, concerned that poor investment decisions could lead to loss of state-owned assets, but some doubt the effect of the new regulation

  14. Understanding the IT/business partnership - a business process perspective

    DEFF Research Database (Denmark)

    Siurdyban, Artur

    2014-01-01

    these partnerships by allocating responsibilities between central IT and the local business during two stages of a process lifecycle: formation and standardization. The significance of the findings lies in how the model’s configuration leads to different types of IT units’ process centricity. This in turn affects......From a business process perspective, the business value of information technologies (IT) stems from how they improve or enable business processes. At the same time, in the field of strategic IT/business alignment, the locus of discussion has been how IT/business partnerships enhance the value of IT....... Despite this apparent relationship, the business process perspective has been absent from the IT/business alignment discussion. In this paper, we use the case of an industrial company to develop a model for understanding IT/business partnerships in business process terms. Based on our findings, we define...

  15. Sustainable Business Marketing

    OpenAIRE

    Dan-Cristian Dabija

    2015-01-01

    The evolution of the business world in harmony with the principles of sustainability has been increasingly significant in our century. Displaying a planned, integrated and properly coordinated entrepreneurial orientation toward environment protection, the involvement in the actions initiated by the local community and by society in general or supporting and streamlining one’s own economic activity on a lasting basis represent key elements whereby a business can achieve harmonious increase in ...

  16. Drupal 7 Business Solutions

    CERN Document Server

    James, Trevor

    2012-01-01

    This book takes a step-by-step approach to building a complete business website using Drupal and enhancing it to include modern technology used by cutting-edge companies. All instructions are written in such a way that they make sense to readers of any technical level. This book is for anyone who wants to learn how to set up a website quickly for their business using the super powerful Drupal open source content management software.

  17. A Risky Business?

    OpenAIRE

    Blasco, Maribel

    2003-01-01

    The paper looks at initiatives taken by the Mexican Employers’ Confederation (COPARMEX) aimed at promoting collaboration among civil society associations around the issue of public safety. Insecurity in the form of robbery, assault and kidnapping causes huge losses to business in Mexico. It is argued that business leaders are seeking to create consensus and form alliances among civil society around the topic of insecurity, both to combat crime but also as a strategy to strength...

  18. Branding a family business

    OpenAIRE

    Pohjola, Matti

    2016-01-01

    This master’s thesis main object was to understand better the very little researched topic: branding a family business. The main aim was to seek the values used behind family business that are the family values used in the brand and how the branding has been implemented in a family company. A qualitative method was chosen for this research for an interpretative analysis of the subject. Five family companies were chosen for the interviews. All these family companies are known Fi...

  19. Christian attitude in business

    OpenAIRE

    J. M. Vorster

    2006-01-01

    The beginning of the twenty-first century faces new challenges in the field of business ethics.� Totally new macro-ethical challenges have arisen and they have already inspired constant ethical reflection. Two major developments in the field of economics paved the way for this new interest in business ethics: the total dominance of the market driven economy and economic globalization. This article investigates the ethical challenges posed by this new environment from a Christian ethical persp...

  20. Art, Philosophy, and Business

    DEFF Research Database (Denmark)

    Monthoux, Pierre Guillet de

    2015-01-01

    This article proposes turn-taking as a way to understand how European management scholarship opens up to societal phenomena as play, critique, artistry, and aesthetics co-creating business realities. European management scholarship rests on contributions, still mostly under the Anglo...... criticizes the Business School for building speculative castles in the sky. European scholarship might rethink it as an Art School where managerial action is seen as philosophizing in a speculative realism-mode....

  1. A Busy Day

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    She is very busy today,just like a busy bee.In the morning,I had two seccsions and after that I had a lesson for my IELTS.I don't even have my lunch.There lots of people in my IELTS class and most of them came from India.The reason why they want to attent this course is similar to me.Right now,I feel exhausted and don't want

  2. SPEAKING FOR BUSINESS

    OpenAIRE

    POP, Anisoara; CRISAN, Raluca

    2015-01-01

    Oral communication is a key productive skill to form in any business context. Implementation of voice and video asynchronous speaking tools with Business English (BE) students represents a steep learning curve with multiple positive outcomes: enriched production and content, more memorable learning experiences, sharing of student voices in the public space, increased awareness and learner autonomy. Moreover, asynchronous speaking tools offer a democratic medium where all the students rather t...

  3. Bringing science to business

    Science.gov (United States)

    Lemetti, Paul

    2005-06-01

    Bringing science to business seems rather straight forward. Technology is constantly moving forward and new inventions are being brought into the market place. Science parks and technology parks have sprung out all around the globe competing against each other and trying to keep their own doors open by bringing in new business, thereby creating much needed income to keep their operations moving forward. However, only a small handful ofthese centers around the world can truly be considered successful. It is the relationship between the scientists, start-up business, local universities, local government, and invited bigger business that allows the parks to succeed. The individual scientist wishing to enter into business or just hoping to get his invention into the pool of potential ideas; which might end up in the hands of an entrepreneur or an established company, is not always that simple. Universal success principles must be embraced to ensure success. One must believe in oneself and to strive for excellence. One must be able to see the other persons viewpoint and adapt and change his behavior in order to succeed. One must learn to create trust as well as learn to trust. Furthermore, one must learn to focus on the why of the process and not on the how. A market must be identified and benefits of local area must be sold to potential investor or business partners. A local success has in part to do with local cooperation.

  4. Doing Business Economy Profile 2016

    OpenAIRE

    World Bank Group

    2015-01-01

    This economy profile for Doing Business 2016 presents the 11 Doing Business indicators for India. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2016 is the 13th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Eco...

  5. Translation skills of Business English

    Institute of Scientific and Technical Information of China (English)

    Hu; Lu; He; Yan-ni

    2014-01-01

    With the deepening of economic globalization,business English plays an increasingly vital role.In order to better translate business English,the translator has to adopt some important translation techniques.Thus,emphasis is placed on business English translation skills,such as omission,supplement and word conversion,etc,which provides some practical advice to the translation of business English.

  6. Translation skills of Business English

    Institute of Scientific and Technical Information of China (English)

    Hu Lu; He Yan-ni

    2014-01-01

    With the deepening of economic globalization, business English plays an increasingly vital role. In order to better translate business English, the translator has to adopt some important translation techniques. Thus, emphasis is placed on business English translation skills, such as omission, supplement and word conversion, etc, which provides some practical advice to the translation of business English.

  7. BUSINESS INTELLIGENCE: KONSEP DAN METODE

    Directory of Open Access Journals (Sweden)

    Suparto Darudiato

    2010-05-01

    Full Text Available Recently, usage of Information Technology (IT as assisting tools in business activities is becoming more common. Business transactions are conducted with support of IT tools so that they can be well processed by system. This is only a small part of IT usage in supporting business activities. IT role can be increased by designing and implementing a system which can extract and change business information from existing operational data so that in the end it can give support in formulating business decisions. This research will discuss the concept, benefits, categories, and method of Business Intelligence implementation.Keywords: business intelligence, method, balanced scorecard

  8. Gitz Cycling - Lancering af et nyt brand

    OpenAIRE

    Priisholm Petersen, Andreas; Borch Jacobsen, Adam

    2014-01-01

    This project seeks to answer the struggles that an upcoming business can face, when approaching an existing market. This also includes the many aspects they might face when launching a new brand. This is done through a case study of the company Gitz Cycling. They have a new offer to the cycling market - an exclusive brand and design. Upon their entrance to the existing market, they have planned to market themselves through social media. Therefore this paper will also evolve around what proble...

  9. Glacial cycles

    DEFF Research Database (Denmark)

    Kaufmann, R. K.; Juselius, Katarina

    We use a statistical model, the cointegrated vector autoregressive model, to assess the degree to which variations in Earth's orbit and endogenous climate dynamics can be used to simulate glacial cycles during the late Quaternary (390 kyr-present). To do so, we estimate models of varying complexity...... and compare the accuracy of their in-sample simulations. Results indicate that strong statistical associations between endogenous climate variables are not enough for statistical models to reproduce glacial cycles. Rather, changes in solar insolation associated with changes in Earth's orbit are needed...

  10. An E-business Strategy

    Directory of Open Access Journals (Sweden)

    2007-01-01

    Full Text Available On the last decade the integration of e-business into organizations has increased, but there are still difficulties during this process. In the present environment any organization must include into their business plan the possibility of identifying the e-business integration method, the implementation cost, and the expected results. The article's aim is to analyze the necessary means and steps in e-business integration into the business plan of an organization.

  11. Insights into business student's book

    CERN Document Server

    Lannon, Michael; Trappe, Tonya

    1993-01-01

    With Challenging reading and listening texts from a range of authentic business sources, New Insights into Business will really engage your students. The thorough language and vocabulary syllabus together with the strong focus on business skills development gives students everything they need to function effectively in the workplace. New Insights into Business is a self-contained course and is also an ideal follow-on to First Insights into Business.

  12. Business Intelligence using Software Agents

    OpenAIRE

    Ana-Ramona BOLOGA; Razvan BOLOGA

    2011-01-01

    This paper presents some ideas about business intelligence today and the importance of developing real time business solutions. The authors make an exploration of links between business intelligence and artificial intelligence and focuses specifically on the implementation of software agents-based systems in business intelligence. There are briefly presented some of the few solutions proposed so far that use software agents properties for the benefit of business intelligence. The authors then...

  13. Strategic Alignment of Business Intelligence

    OpenAIRE

    Cederberg, Niclas

    2010-01-01

    This thesis is about the concept of strategic alignment of business intelligence. It is based on a theoretical foundation that is used to define and explain business intelligence, data warehousing and strategic alignment. By combining a number of different methods for strategic alignment a framework for alignment of business intelligence is suggested. This framework addresses all different aspects of business intelligence identified as relevant for strategic alignment of business intelligence...

  14. A Markov Switching Regime Model of Malaysia Property Cycle

    Directory of Open Access Journals (Sweden)

    Abdul M. Beksin

    2011-01-01

    Full Text Available Problem statement: Non-linear models such as the Markov Switching regime (MS method of modelling business cycles, in principle can be used to model property cyle. Approach: The MS model can distinguish property cycle in recession and expansion phases and is sufficiently flexible to allow different relationships to apply over these phases. In this study, the Malaysian property cycle is modelled using a MS model. Results: This technique can be used to simultaneously estimate the data generating process of real GDP growth and classify each observation into one of two regimes (i.e., low-growth and high-growth regimes. Conclusions: This finding has important policy implications, since the yield spread was used to generate the time-varying probabilities of the MS model as well as the recession probabilities of the logit model. In other words, a strong relationship exists between interest rates and the business cycle, where interest rates lead the business cycle.

  15. Glacial cycles

    DEFF Research Database (Denmark)

    Kaufmann, R. K.; Juselius, Katarina

    and compare the accuracy of their in-sample simulations. Results indicate that strong statistical associations between endogenous climate variables are not enough for statistical models to reproduce glacial cycles. Rather, changes in solar insolation associated with changes in Earth's orbit are needed...

  16. Happy Cycling

    DEFF Research Database (Denmark)

    Geert Jensen, Birgitte; Nielsen, Tom

    2013-01-01

    og Interaktions Design, Aarhus Universitet under opgave teamet: ”Happy Cycling City – Aarhus”. Udfordringen i studieopgaven var at vise nye attraktive løsningsmuligheder i forhold til cyklens og cyklismens integration i byrum samt at påpege relationen mellem design og overordnede diskussioner af...

  17. Koszul cycles

    CERN Document Server

    Bruns, Winfreid; Römer, Tim

    2010-01-01

    We prove regularity bounds for Koszul cycles holding for every ideal of dimension at most 1 in a polynomial ring. We generalize the lower bound for the Green-Lazarsfeld index of Veronese rings we proved in arXiv:0902.2431 to the multihomogeneous setting.

  18. Apologies in business communication

    Directory of Open Access Journals (Sweden)

    Jūratė Ruzaitė

    2007-05-01

    Full Text Available The aim of the present paper is to examine the routine of apologizing in spoken business communication. Being face-threatening acts, apologies are of special importance in communication. Since apologies express sincerity and are remedial acts, apologizing helps to enhance mutual respect and to keep the relationship between colleagues stable, which is especially important in business communication. The present analysis focuses on four main expressions of explicit apologies, i.e. apologies with sorry, I apologise, pardon and excuse me. The data have been obtained from the sub-corpus of the British National Corpus, which includes transcripts of business communication and amounts to 1,321,844 words. The analysis accounts for the general frequency of different forms of apology in business communication as well as their frequency in relation to gender. The paper also focuses on the most typical patterns of apologies and argues that apologies range from neutral to highly emphatic or tentative. Finally, the present analysis investigates what is commonly apologised for in business settings.

  19. UML IN BUSINESS ADMINISTRATION

    Directory of Open Access Journals (Sweden)

    Daniel Ionita

    2010-12-01

    Full Text Available The article elaborates weather UML, primarily used in software engineering, can be a useful tool in business modeling and administration. By analyzing the advantages the modeling language has to offer we find that UML is visual and object oriented and that it is useful in expressing structure, interaction and behavior as well. With its help managers and business people can build models and diagrams to help put things into perspective. “Case Study 1” shows UML can be used as an analysis tool in business modeling to help increase the complexity and depth of the event or project that is being developed. “Case Study 2” attempts to prove that UML can also be efficiently used in finding solutions to newly appeared problems in a business environment. Despite the practicality of the Unified Modeling Language there is still some criticism brought to it. Some programmers consider it to be hard to learn and some developers claim that it is too abstract. The article concludes that despite the minor drawbacks; due to its adaptability and complex visual models, it is a very useful tool that adds value to the modeling of business structures and processes.

  20. Business Ideas Competition

    CERN Multimedia

    2003-01-01

    Business Ideas Competition "The Rainbow Seed Fund is a UK fund, which provides finance to support the commercialization of good ideas founded on scientific research; it is for the benefit of the UK industry in particular. To encourage ideas from CERN the Rainbow Seed Fund is running a business ideas competition.The winner of this competition will receive an immediate cash prize of GBP £1,000. In addition the Rainbow Seed Fund may well provide finance for market research, for protection of Intellectual Property Rights (IPR) and for prototyping to take the idea forward. Further awards of GBP £750 will be made for ideas which gain investment from the Fund.Candidates will only be required to prepare a 2-4-page summary of their business idea, and not a full business plan. Full details and an entry form are available at www.rainbowseedfund.com ." ALL Members of the Personnel seeking participation in the business ideas competition are asked to submit their ideas via the CERN TT Unit (Jean-Marie.Le Goff@cern.ch) th...

  1. Comparative analysis of business rules and business process modeling languages

    Directory of Open Access Journals (Sweden)

    Audrius Rima

    2013-03-01

    Full Text Available During developing an information system is important to create clear models and choose suitable modeling languages. The article analyzes the SRML, SBVR, PRR, SWRL, OCL rules specifying language and UML, DFD, CPN, EPC and IDEF3 BPMN business process modeling language. The article presents business rules and business process modeling languages theoretical comparison. The article according to selected modeling aspects of the comparison between different business process modeling languages ​​and business rules representation languages sets. Also, it is selected the best fit of language set for three layer framework for business rule based software modeling.

  2. Advances in business ICT

    CERN Document Server

    Pełech-Pilichowski, Tomasz

    2014-01-01

    Futurists and scientists alike profess the coming of a new era in the history – the knowledge era. The notion of knowledge is as old as humans’ self-consciousness, but new challenges appear. The meaning of the word “knowledge” is changing from cognitive notion to a technical term denoting a structured economic resource to be actively managed. This contributed volume is a result of vivid and extremely valuable discussions held at 3rd International Workshop on Advances in Business ICT (ABICT) in Wrocław, Poland, September 9-12, 2012. The workshop focused on Advances in Business ICT approached from a multidisciplinary perspective. It provided an international forum for scientists/experts from academia and industry to discuss and exchange current results, applications, new ideas of ongoing research and experience on all aspects of Business Intelligence. ABICT has also been an opportunity to demonstrate different ideas and tools for developing and supporting organizational creativity, as well as advances ...

  3. Collocations in Business English

    Directory of Open Access Journals (Sweden)

    Matjaž Martič

    2009-12-01

    Full Text Available The article starts with a brief theoretical overview that defines the term ‚collocation.‛ It then presents a corpus study designed to determine the most frequent lexical collocations in Business English using the concordance program WordSmith Tools. This study is based on the assumption that English mainly consists of various (changeable phraseological units and that both free combinations as well as completely ‚frozen‛ word combinations account for only a small share of the language. English is therefore a language of collocations and one can assume that this is valid not only for general English, but also for ESP and thus for Business English as well. In addition, the study investigated whether the most frequent collocations in this corpus could be found in major dictionaries of collocations, which would then establish their suitability for Business English purposes.

  4. AGATE animation - business theme

    Science.gov (United States)

    1998-01-01

    Business jet 2 of 6. Advanced General Aviation Technology Experiment (AGATE). Few objects convey wealth and power like a private airplane, but one day you won't have to be rich or famous to fly one. NASA is working with industry and other government agencies to develop the technology and vision for business and personal travel of the future. It's a future in which travelers fly to their destinations in small, safe, affordable and easy-to-use jets out of 'smart airports.' Future small aircraft may cost about as much as a luxury automobile. They will use 25% less fuel than today's airplanes with fuel efficiencies rivaling automobiles, but at four times highway speeds. The goal is to put 'wings on America' and enable doorstep-to-destination travel at four times the speed of highways, making it possible to go where you want, when you want - faster than ever. Image from AGATE 'business jet' video animation.

  5. THE BUSINESS VALUE

    Directory of Open Access Journals (Sweden)

    Luigi DUMITRESCU

    2008-01-01

    Full Text Available Almost every sales opportunity required us to get involved with ourcustomer`s finance department to develop a business case or costjustification. Business acumen (an understanding of how business works ismore than just knowing words and their definitions; it`s understanding thatpoor inventory control has a negative impact on order fill-rates. When orderfill-rates fall, customer loyalty suffers, as do accounts receivable. Whenaccounts receivable get out hand, cash flow is impacted. Then a companymight have to dip into lines of credit to cover short-term obligations, and theinterest that has to be paid on that borrowed money erodes profitability. Wecall this the “cause and effect of business”.

  6. Representing and Performing Businesses

    DEFF Research Database (Denmark)

    Boll, Karen

    2014-01-01

    and MacKenzie’s idea of performativity. Based on these two approaches, the article demonstrates that the segmentation model represents and performs the businesses as it makes up certain new ways to be a business and as the businesses can be seen as moving targets. Inspired by MacKenzie the argument......This article investigates a segmentation model used by the Danish Tax and Customs Administration to classify businesses’ motivational postures. The article uses two different conceptualisations of performativity to analyse what the model’s segmentations do: Hacking’s notion of making up people...... is that the segmentation model embodies cleverness in that it simultaneously alters what it represents and then represents this altered reality to confirm the accuracy of its own model of the businesses’ postures. Despite the cleverness of the model, it also has a blind spot. The model assumes a world wherein everything...

  7. Business Confidence Survey 2000

    Institute of Scientific and Technical Information of China (English)

    Guo Yan

    2009-01-01

    @@ In order to gain a better understanding about the depth and breadth of its effect on European companies'businesses,the new strategies they are adopting to cope with the crisis,and how their attitudes to towards China-including long-term plans-have changed in its aftermath,the European Union Chamber of Commerce in China today launches its sixth annual European Chamber Business Confidence Survey,which is published in partnership with Roland Berger Strategy Consultants in Beijing on June 30,2009.Drawing on the responses of more than 300 European companies active in China.the 2009 Survey highlights a European business community that remains bullish in China in most sectors and read to back up that confidence with continued investment in the local economy provided that Chinese government is committed to creating a more free,fair and competitive market.

  8. Doing business with CERN

    CERN Multimedia

    2015-01-01

    The Procurement Service, in collaboration with the Communications group’s Design team, has recently launched a new information campaign targeted at companies wishing to supply their products and services to CERN. This campaign comprises:   A brochure, available in hard and soft copy:  http://procurement.web.cern.ch/brochures/doing-business-with-cern.   A 6-minute video overview: https://procurement-dev.web.cern.ch/doing-business-with-cern. This campaign is intended for Member State firms with whom CERN is yet to do business. The key objectives are: To emphasise that CERN can be considered a major customer across a wide range of activities;   To present CERN’s procurement procedures in a dynamic and digestible way;   To highlight the information available on CERN’s procurement website: http://procurement.web.cern.ch. Furthermore, a new section called “Having a contract with CERN” is also now ava...

  9. Arts-in-Business

    DEFF Research Database (Denmark)

    Darsø, Lotte

    2002-01-01

    forth new learning opportunities. The goal is to map the field, to develop new theory and to share the learning with our partners and networks. This paper proposes a theoretical framework of four categories of Arts-in-Business: "Metaphors", "Capabilities", "Events", and "Products". The main idea......Innovative Research in Management. The 2nd European Academy of Management (EURAM) Conference, Stockholm (Sweden). 2002 Short description: This positioning paper proposes a theoretical framework of four categories of Arts-in-Business. The main idea is to examine cases in relation to this model...... and to identify interesting trajectories of learning. Abstract: The Arts are being applied in business settings in new ways that give rise to a research field in the making. Learning Lab Denmark wants to contribute to this emerging field by identifying, examining and analysing international cases that could bring...

  10. The Military's Business

    DEFF Research Database (Denmark)

    Rasmussen, Mikkel Vedby

    If the military were a business, would you buy shares? Over recent years, Western armed forces, particularly the US, have been costing more yet achieving less. At the same time, austerity measures are reducing defence budgets. This book uses defence data to examine the workings of modern Western...... militaries and explore what kind of strategies can overcome this gap between input and output. Instead of focusing on military strategy, Mikkel Vedby Rasmussen seeks to draw on the ideas of business strategy to assess alternative business cases - reforming military HR to combat instability in the 'Global...... South' or utilising new technologies to overcome the prohibitive costs of current systems. Analysing the philosophical, strategic and budgetary underpinnings of these alternatives, he concludes that a more radical break from current military organisational practices is needed which would allow them...

  11. IMPACT OF COMMITMENT TO BUSINESS ETHICS TO NONFINANCIAL BUSINESS PERFORMANCE

    Directory of Open Access Journals (Sweden)

    Silvija Vig

    2016-03-01

    Full Text Available The article investigates the relationship between commitment to business ethics and nonfinancial business performance. Data of commitment to business ethics and nonfinancial business performance were collected from 100 participants through a questionnaire survey. The survey was conducted in 2015 in Croatian large and medium sized companies. The questionnaire for assessing commitment to business ethics contained nine different dimensions while the nonfinancial business performance contained three dimensions: client satisfaction, human resource management plus innovativeness and efficiency of business processes. Multiple regression methods were applied in the analysis. The empirical results of three multiple linear regression models show that certain dimension of commitment to business ethics had a positive influence on the nonfinancial performance of the companies. Motivation and rewarding policy for ethical behavior and responding to unethical behavior, as a dimension of commitment to business ethics, has distinctive effects on all three nonfinancial performance dimensions. It was also found that selecting suppliers based on the standards of ethics and compliance has a positive and strong influence on client satisfaction while using ethical criteria in the performance and efficiency evaluation of employees has a positive and significant influence on innovativeness and efficiency of business processes. This research leads to the conclusion that some dimensions of commitment to business ethics can be important predictors of nonfinancial business performance. Therefore, results of the research could be considered as valid motivation for further improvement of commitment to ethics in the business environment.

  12. The Business Modeling Lab

    DEFF Research Database (Denmark)

    Buur, Jacob; Mitchell, Robb

    2011-01-01

    This paper presents a set of techniques for modelling business in rich, tangible formats. These tangible formats were developed in companies and educational settings and have proven extraordinarily successful in initiating conversations about how to innovate business in cross-disciplinary and cross......-functional groups of participants. Our aim here is to provide an overview of the techniques and the state of our research rather than a detailed argument for each of them. This is still work in progress, but the results are so convincing that we offer to publish although some of the factors that contribute...

  13. Charisma in business speeches

    DEFF Research Database (Denmark)

    Niebuhr, Oliver; Brem, Alexander; Novák-Tót, Eszter

    2016-01-01

    of the acoustic-prosodic signal, secondly, focuses on business speeches like product presentations, and, thirdly, in doing so, advances the still fairly fragmentary evidence on the prosodic correlates of charismatic speech. We show that the prosodic features of charisma in political speeches also apply...... to business speeches. Consistent with the public opinion, our findings are indicative of Steve Jobs being a more charismatic speaker than Mark Zuckerberg. Beyond previous studies, our data suggest that rhythm and emphatic accentuation are also involved in conveying charisma. Furthermore, the differences...

  14. CWTC Business Plan

    DEFF Research Database (Denmark)

    Jensen, Peter Hjuler; Hillestrøm, Adam; Markou, Helen

    This report presents the Business Plan for the establishment of the Wind Turbine Component Centre (CWTC) to meet the objectives of performing theoretical research and experimental testing. The core idea of a CWTC is to support the Danish wind energy industry and research activities at the component...... level improving the competitive advantage of that industry. The CWTC will in itself operate its activities, including access to test and experimental facilities, on a semi commercial basis. The business model for the CWTC presented is based on revenues coming from component manufacturers as well...

  15. Buddhism, Business, and Economics

    DEFF Research Database (Denmark)

    Brox, Trine; Williams-Oerberg, Elizabeth Lane

    2017-01-01

    This chapter takes the relationship that Buddhists have historically had with economic practices as a starting point for discussing contemporary entanglements of Buddhism and economy. Based on a literary review of previous studies on Buddhism and business and building upon our own research, we......-monk exchange relations, Buddhist economic ethics, monastic businesses, spiritual consumerism, globalized Buddhism, secularized Buddhist technologies in the corporate world, and Buddhist branding, all of which testify to the diverse modalities of Buddhism and economic relations, illuminating also the economic...

  16. Business analytics a practitioner's guide

    CERN Document Server

    Saxena, Rahul

    2013-01-01

    This book provides a guide to businesses on how to use analytics to help drive from ideas to execution. Analytics used in this way provides "full lifecycle support" for business and helps during all stages of management decision-making and execution.The framework presented in the book enables the effective interplay of business, analytics, and information technology (business intelligence) both to leverage analytics for competitive advantage and to embed the use of business analytics into the business culture. It lays out an approach for analytics, describes the processes used, and provides gu

  17. Business Intelligence using Software Agents

    Directory of Open Access Journals (Sweden)

    Ana-Ramona BOLOGA

    2011-12-01

    Full Text Available This paper presents some ideas about business intelligence today and the importance of developing real time business solutions. The authors make an exploration of links between business intelligence and artificial intelligence and focuses specifically on the implementation of software agents-based systems in business intelligence. There are briefly presented some of the few solutions proposed so far that use software agents properties for the benefit of business intelligence. The authors then propose some basic ideas for developing real-time agent-based software system for business intelligence in supply chain management, using Case Base Reasoning Agents.

  18. A framework for social life cycle impact assessment

    DEFF Research Database (Denmark)

    Dreyer, Louise Camilla; Hauschild, Michael Zwicky; Schierbeck, Jens

    2006-01-01

    conducting responsible business. (4) A new area of protection, Human dignity and Well-being, is defined and used to guide the modelling of impact chains. (5) The Universal Declaration of Human Rights serves as normative basis for Social LCA, together with local or country norms based on socio......Goal, Scope and Background. To enhance the use of life cycle assessment (LCA) as a tool in business decision-making, a methodology for Social life cycle impact assessment (LCIA) is being developed. Social LCA aims at facilitating companies to conduct business in a socially responsible manner...... by providing information about the potential social impacts on people caused by the activities in the life cycle of their product. The development of the methodology has been guided by a business perspective accepting that companies, on the one hand, have responsibility for the people affected...

  19. Minority Business Enterprises and Woman Business Enterprises Grant Utilization

    Science.gov (United States)

    The policy goal of the MBE/WBE Programs is to assure that minority business enterprises and woman business enterprises are given the opportunity to participate in contract and procurement for supplies, construction, equipment & services under any EPA grant

  20. What is the Business of Ethics in Business Ethics?

    DEFF Research Database (Denmark)

    Lystbæk, Christian Tang

    addresses these “movements” or approaches to business ethics. It argues that business ethics is caught between two conceptions of what it is for. The first movement promotes the idea that it can be a reassuring and satisfying set of ideas that reminds us how to do the right thing in order to manage......For the last decades, business ethics have spread from a new brand of a few socially and environmentally benevolent companies to the corporate mainstream. Thus, today, business ethics have become a central concern for both business managers and researchers in order to manage the cultural value base...... of the organization, stakeholder relations, etc.. Throughout the history of business ethics, though, and especially in the last decade, a series of studies have criticized the dominant view of business ethics for being instrumental and reductive. This critique often dismisses business ethics altogether. This paper...

  1. Business Cycle, Spillover Effect and Regional Infectivity of Systemic Financial Risk:A Test based on the VARX Model%经济周期波动、溢出效应与系统性金融风险区域传染性--基于VARX模型的实证研究

    Institute of Scientific and Technical Information of China (English)

    苏明政; 张庆君

    2015-01-01

    This paper internalizing Alter and Beyer’s idea, using fluctuation of business cycle in different provinces as proxy variables of systematic financial risk , defining additional spillover effect as infectivity , introducing control variables to control factors together, studied infectivity of provincial systematic financial risks by using the change of GIRF of VAR containing exogenous variable. The result showed that there were obvious asymmetric transmission characteristics in the systematic financial risks in China. The main regions which were infectious are developed eastern provinces , while the regions which were infected are the provinces with onefold economic development mode. Moreover , there was strong cross infection in certain areas of some provinces.%本文借鉴Alter、Beyer(2014)的思想,将各省份地区经济周期的波动性作为系统性金融风险的代理变量,将额外的溢出效应定义为传染性,并引入控制变量来控制共同因素影响,使用包含外生变量的向量自回归模型的广义脉冲响应函数的变化来考察各省份之间系统性金融风险的传染性。结果表明,我国的系统性金融风险存在明显的非对称传染特性,实施传染的主要地区为东部经济发达的省份,受传染的主要地区为经济发展模式较为单一的省份。一些省份在一定区域内具有较强的交叉传染性。

  2. Product development cycle time reduction

    Science.gov (United States)

    Farran, Robin

    1992-05-01

    We are facing here today the key issues that face us in the competitive environment. North American companies are struggling to compete in the global marketplace. Gone are the days when presence ensured success. Then, sales and earnings were guaranteed. Today the competition is intense. Many manufacturing and service companies are no longer competitive. Traditionally, manufacturing companies have created the most wealth for the community and economy. Losing this ability to create wealth is tragic and unnecessary. A company can only be successful by focusing on customer satisfaction at competitive costs. Revenue growth and earnings growth require a continuous stream of products that anticipate the customers' needs, result from shorter and shorter innovation cycles, continually improve in quality, and are produced at improved costs on each cycle. The best opportunities for increased quality and decreased costs are with new products. Sure, work on quality and costs everyday. The biggest changes, however, will come through the new product development cycle. We must improve our development processes to provide leadership products which result in high levels of customer satisfaction. This is a prerequisite for business success. When presence in the marketplace was a virtual guarantee of success for a North American company, technology tended to drive the products, and the customers bought virtually everything that was produced. Functional excellence was stressed within companies ... and that was enough. Effective planning processes were not a prerequisite for success. Today success demands highly developed business research and planning processes, and functional excellence combined with organizational capabilities that ensure commercialization excellence.

  3. BUSINESS INFRASTRUCTURES – INSTRUMENTS FOR THE INITIATION OF BUSINESS COOPERATION

    OpenAIRE

    MATICIUC MĂDĂLINA

    2015-01-01

    This paper aims at contributing to the understanding of the business infrastructure terminology, presenting the general concepts regarding the business infrastructures. Even if all around the world there are an increasing number of business incubators, industrial parks, science parks and clusters, there is a shortage of accumulated knowledge about all these business infrastructures. The originality of the paper is given by the idea of investigating the differences and similarities...

  4. Center for Navy Business Excellence a catalyst for business transformation

    OpenAIRE

    Meek, Gordon E.

    2005-01-01

    In order to remain relevant in the face of both national and global challenges, the U.S. Navy must recognize that its once useful organizational constructs and business operations that fought the Cold War must be supplanted by significantly more nimble and effective organizations and business models. To realize the Force Transformation vision as outlined by Sea Power 21, the Navy must be vigilant in transforming its business operations. The Navy has devised several business improvement strate...

  5. Price and Advertising Effectiveness over the Business Cycle

    NARCIS (Netherlands)

    van Heerde, Harald J.; Gijsenberg, Maarten J.; Dekimpe, Marnik G.; Steenkamp, Jan-Benedict E. M.

    2013-01-01

    Firms are under increasing pressure to justify their marketing expenditures. This evolution toward greater accountability is reinforced in harsh economic times when marketing budgets are among the first to be reconsidered. To make such decisions, managers must know whether, and to what extent, marke

  6. STYLIZED FACTS OF ROMANIAN BUSINESS CYCLE. THE LITERATURE (I

    Directory of Open Access Journals (Sweden)

    Mester Ioana

    2012-07-01

    Full Text Available If the more or less regulate moves of the macroeconomic variables are accepted by the economists as a reality, the problem of measuring the aggregate level of the economy in direct correlation with these fluctuations is much more difficult due to the numerous variables involved.\\\\\\\\r\\\\\\\

  7. Brazilian business cycles and growth from 1850 to 2000

    Directory of Open Access Journals (Sweden)

    Eurilton Araújo

    2008-09-01

    Full Text Available We study the cyclical and growth properties of Brazilian per capita output from 1850 to 2000. We find that, contrary to some developed countries, Brazil did not experience large changes in the volatility of per capita output. However, we obtained evidence that the oscillations in economic activity became more persistent after World War II.Estudaram-se neste artigo as propriedades do produto interno bruto per capita brasileiro de 1850 a 2000. Contrariamente ao observado em alguns países desenvolvidos, não se obteve evidência de alterações expressivas na volatilidade do PIB per capita. Contudo, verificou-se que as oscilações na atividade econômica se tornaram mais persistentes após a 2ª Guerra Mundial.

  8. Effects of Business Cycles on Labour Market Assimilation of Immigrants

    OpenAIRE

    Abdurrahman Aydemir

    2003-01-01

    This study addresses the effects of macroeconomic conditions on the labour market outcomes of immigrants. It simultaneously identifies the separate effects of macro conditions at the time of entry to the labour market and at the time of the survey, while allowing for cohort effects. Also, for the first time in literature the impacts on labour force participation along with employment outcomes are explored. The study uses 19 annual cross-sections of the Survey of Consumer Finances covering the...

  9. Idiosyncratic Uncertainty, Capacity Utilization and the Business Cycle

    DEFF Research Database (Denmark)

    Fragnart, Jean-Francois; Licandro, Omar; Portier, Franck

    In a stochastic dynamic general equilibrium framework, we introduce the concept of variable capacity utilization (as opposed to the concept of capital utilization). We consider an economy where imperfectly competitive firms use a putty-clay technology and decide on their productive capacity level...... under uncertainty. An idiosyncratic uncertainty about the exact position of the demand curve faced by each firm explains why some productive capacities may remain idle in the sequel and why individual capacity utilization rates differ across firms. The capacity under-utilization at the aggregate level...... rate displays positive serial correlation)....

  10. Income Inequality, Monetary Policy, and the Business Cycle

    OpenAIRE

    Stuart J. Fowler

    2005-01-01

    The effects of changes in monetary policy are studied in a general equilibrium model where money facilitates transactions. Because there are two types of agents, workers and capitalists, different elasticities of money demand exist, implying that monetary policy influences the distribution of income. Only when earnings inequality is incorporated into monetary policy rule is the model able to replicate cyclical fluctuations of both real and nominal aggregates as well as the inequality measure....

  11. Financial Frictions and Business Cycles in Middle-Income Countries

    OpenAIRE

    2008-01-01

    A standard DSGE small open economy model can not generate the cyclical regularities of middle-income countries. It predicts excessive consumption smoothing, and procyclical, instead of countercyclical, real net exports. Previous studies have solved this problem by increasing the shocks’ persistence or by lowering the intertemporal elasticity of substitution. This paper tackles the problem by introducing market imperfections relevant for MICs into an otherwise standard model. More specifical...

  12. Financial Frictions and Business Cycles in Developing Countries

    OpenAIRE

    2004-01-01

    Standard theory of small open economies predicts a smooth path for consumption and investment over time, and procyclical current account balances and employment. This contrasts with the data for emerging countries, where consumption, investment and employment are highly procyclical and volatile, and the current account balance is counter cyclical. Previous studies have reconciled theory and data using different households preferences for emerging countries vs. developed ones, either a lower i...

  13. Business cycles and the behavior of energy prices

    OpenAIRE

    Serletis, Apostolos; Hulleman, Vaughn

    1994-01-01

    This paper tests the theory of storage--the hypothesis that the marginal convenience yield on inventory falls at a decreasing rate as inventory increases in energy markets (crude oil, heating oil, and unleaded gas markets). We use the Fama and French (1988) indirect test, based on the relative variation in spot and futures prices. The results suggest that the theory holds for the energy markets.

  14. Productive Government Expenditure in Monetary Business Cycle Models

    NARCIS (Netherlands)

    L. Linnemann; A. Schabert

    2006-01-01

    This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models' prediction

  15. House price fluctuations and the business cycle dynamics

    DEFF Research Database (Denmark)

    Abate, Girum Dagnachew; Anselin, Luc

    areas in the US from 2001 to 2013, it is shown that house price fluctuations have detrimental effect on output growth and spillover from one location to another. The loss of output due to house price fluctuations is more pronounced during the recent financial crisis. The time varying recursive...

  16. [The M-cycle of crime].

    Science.gov (United States)

    Antholz, Birger

    2012-01-01

    Crime development measured by means of the changes in police recorded crime statistics (criminal offences per 100.000 inhabitants) shows periodical cycles, which can be described by the capital letter M. Starting from a low rate of criminality, crime rises over 1-3 years followed by an interim decline lasting for about one year. Then crime increases again for approximately 2 years to a second peak. After that, crime strongly declines to the next low point over a period of about two years. The course of this development is not uniform with equal amplitudes, but resembles an M-curve. Since 1950, seven such M-cycles have been observed with the 3rd M-cycle from 1965-1973, the 4th M-cycle from 1973-1984, the 5th M-cycle from 1984-1994, the 6th M-cycle from 1994-2005 and the 7th M-cycle from 2005-2010 being particularly distinct. The M-curve of crime may be explained by the M-form of the business cycle. Since World War II, the M-cycle of crime and the M-cycle of the economy have run approximately parallel. Up to the first large oil crisis, the M-cycle of crime preceded the economic situation by 1-2 years, whereas since 1976 it has followed the economic development with a time lag of one to two years.

  17. Hispanic Business Agenda.

    Science.gov (United States)

    Coca-Cola USA, Atlanta, GA.

    This is a corporate policy statement of the Hispanic business agenda of Coca Cola USA, and the results of a community survey conducted to inform that agenda. The statement outlines several areas of company policy as they relate to Hispanic Americans. These areas include regional marketing, promotion, and community relations strategies, a…

  18. The paperless business office.

    Science.gov (United States)

    McCormack, J

    1997-06-01

    Many providers are launching a variety of initiatives with the intent of eliminating paper in the business offices, thus streamlining operations and cutting costs. While there are some encouraging signs of progress, plenty of roadblocks still exist that will make such a transition difficult. Key technologies involved include EDI, the Internet, document imaging, COLD technology and automated dialers.

  19. Doing Business in Vietnam

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Tran, Thi Thu Yen; Nguyen, Hung Vo

    2005-01-01

    still reflects inheritances from the central plan system, Vietnam today has a vibrant economy with small businesses springing up at every street corner. Foreign investors have been flogging to Vietnam since the early 1990s, with a new peak of FDI inflow in 2004. This paper reviews the Vietnamese economy...

  20. Building for International Business

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    When completed next August, the LG Beijing Tower project is sureto be one of the most high-end buildings in Beijing. With a meticulous attention to detail, planners know the ins and outs of the city's business momentum.The LG Beijing Tower will utilize an integrated networking system to ensure safety,efficiency and comfort.

  1. Crowdsourcing business model innovation

    DEFF Research Database (Denmark)

    Waldner, Florian; Poetz, Marion Kristin; Bogers, Marcel

    2016-01-01

    a crowdsourcing initiative designed to develop ideas for new business models in the podcast industry, we provide first exploratory insights into the value of crowdsourcing for innovating a firm’s way of creating, delivering and capturing value, and discuss characteristics of crowd-contributors that influence...

  2. The Business of Education

    Science.gov (United States)

    Barron, Michael

    2012-01-01

    This article is a response to John Silber's article, "Marketing Higher Education: The Survival Value of Integrity." Silber speaks to the very heart of the academy about its integrity and ethics, and does so in timeless fashion through the decades to the current era. In his introduction, he characterizes the "business of education" as inevitable…

  3. The Virus Business

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    The Panda, a computer infection that wreaked havoc on computers across China, brought attention to the country’s underground computer virus business, but it was just the tip of a growing iceberg The cute and cuddly panda, a nation- al treasure of China

  4. Sustainable Business Marketing

    Directory of Open Access Journals (Sweden)

    Dan-Cristian Dabija

    2015-08-01

    Full Text Available The evolution of the business world in harmony with the principles of sustainability has been increasingly significant in our century. Displaying a planned, integrated and properly coordinated entrepreneurial orientation toward environment protection, the involvement in the actions initiated by the local community and by society in general or supporting and streamlining one’s own economic activity on a lasting basis represent key elements whereby a business can achieve harmonious increase in time, a synergic evolution and even competitive advantage. There is, however, a major problem, namely, the sustainable development directions and principles are difficult to understand and, in particular, to apply to entrepreneurial decisions and marketing strategies so as to ensure the investment and financial capital to support the organization’s activities and identify the consumers willing to pay the price of sustainability. It is impossible to define objectives capable of meeting such requirements and successfully implement strategies ensuring a healthy growth and constant development without referring to the sustainability of the actions made and their impact on the environment, human society, the company’s employees and the effectiveness of the activity conducted. In this issue, the Amfiteatru Economic journal hosts a number of original studies which contribute to the application of the concept of sustainable marketing and its facets to different economic sectors from a business marketing point of view. The research made by the authors is both transnational and transdisciplinary, capturing in a harmonious way the various facets of sustainable business marketing.

  5. Business Mathematics Curriculum.

    Science.gov (United States)

    EASTCONN Regional Educational Services Center, North Windham, CT.

    This curriculum guide for teaching business mathematics in the Connecticut Vocational-Technical School System is based on the latest thinking of instructors in the field, suggestions from mathematics authorities, and current instructional approaches in education. The curriculum guide consists of six sections: (1) career relationships and…

  6. Understanding Business Analytics

    Science.gov (United States)

    2015-01-05

    language are the limits of my mind. All I know is what I have words for.” - Ludwig Wittgenstein Defining Business Analytics The following are examples of...Michael Porter Figure 2: The analytic Process Step 2: Now that the problem statement has been defined, this needs to be reformulated into an

  7. Polar Business Design

    Directory of Open Access Journals (Sweden)

    Sébastien Caisse

    2014-02-01

    Full Text Available Polar business design aims to enable entrepreneurs, managers, consultants, researchers, and business students to better tackle model-based analysis, creation, and transformation of businesses, ventures, and, more generically, collective endeavors of any size and purpose. It is based on a systems-thinking approach that builds on a few interrelated core concepts to create holistic visual frameworks. These core concepts act as poles linked by meaningful dyads, flows, and faces arranged in geometric shapes. The article presents two such polar frameworks as key findings in an ongoing analytic autoethnography: the three-pole Value−Activity−Stakeholder (VAS triquetra and the four-pole Offer−Creation−Character−Stakeholder (OCCS tetrahedron. The VAS triquetra is a more aggregated model of collective endeavors. The OCCS tetrahedron makes a trade-off between a steeper learning curve and deeper, richer representation potential. This article discusses how to use these two frameworks as well as their limits, and explores the potential that polar business design offers for future research.

  8. Business Development Corporation, Inc.

    Energy Technology Data Exchange (ETDEWEB)

    Jasek, S.

    1995-12-31

    Business Development Corporation, Inc., is a company specializing in opportunity seeking and business development activities in the {open_quotes}new{close_quotes} post communist Central and Eastern Europe, with particular emphasis on the Republics of Poland and Slovakia. The company currently focuses its expertise on strategic investing and business development between Central Europe and the United States of America. In Poland and Slovakia, the company specializes in developing large scale energy and environmental {open_quotes}infrastructure{close_quotes} development projects on the federal, state, and local level. In addition, the company assists large state owned industries in the transformation and privatization process. Business Development Corporation has assisted and continues to assist in projects of national importance. The staff of experts advise numerous large Polish and Slovak companies, most owned or in the process of privatization, on matters of restructuring, finance, capital structure, strategic parternships or investors, mergers, acquisitions and joint ventures with U.S. based firms. The company also assists and advises on a variety of environmental and energy matters in the public and private sector.

  9. Towering in Business

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    Withstanding the tough test of SARS in 2003,Beijing Plaza Hotel is steering itself on to a path of business.Well positioned,the ambitious hotel is becoming a vanguard player in the industry.Beijing Review conducted an exclusive interview with Miss.Liu Jingying,Sales Director of the hotel

  10. Monitoring Business Processes

    Science.gov (United States)

    Bellandi, Valerio; Ceravolo, Paolo; Damiani, Ernesto; Frati, Fulvio

    In this chapter, we introduce the TEKNE Metrics Framework that performs services to monitor business processes. This framework was designed to support the prescription and explanation of these processes. TEKNE's most innovative contribution is managing data expressed in declarative form. To face this challenge, the TEKNE project implemented an infrastructure that relies on declarative Semantic Web technologies designed to be used in distributed systems.

  11. English for Business Occasions

    Institute of Scientific and Technical Information of China (English)

    黄协安

    2000-01-01

    It sa custom to make an arrangement before meeting business partners. The meeting maybe arranged by means of letters, faxes. e-mail or phone calls. phone calls are the most popularmeans, whereby both parties may discuss and settle the date and place of meeting.

  12. Do Business Schools Value the Competencies that Businesses Value?

    Science.gov (United States)

    Abraham, Steven Eric; Karns, Lanny A.

    2009-01-01

    The authors used survey research to determine the congruence among the competencies that businesses identify as being indicative of successful managers, the competencies that business schools identify as being indicative of successful graduates, and the competencies that are emphasized in business school curricula. The results show that although…

  13. Our Business World, Business Education: 7711.01.

    Science.gov (United States)

    McAskill, Ava

    This Quinmester pamphlet presents an overview of the business world and the American free enterprise system, delving into the concept of profit, satisfaction of wants and needs through production and distribution of goods and services, and primary forms of business organization, the effects of business activity on economic growth, and the use of…

  14. Taking Care of Business: Equipping Students to Become Business Journalists

    Science.gov (United States)

    Hannis, Grant

    2016-01-01

    Informed, critical business journalism is vital to a well-functioning society. But students are typically reluctant to study business journalism, often finding the topic intimidating. This article outlines how the author has taught a business journalism course in New Zealand and the United States. The course uses a variety of methods to help the…

  15. The Great Divide between Business School Research and Business Practice

    Science.gov (United States)

    Dostaler, Isabelle; Tomberlin, Thomas J.

    2013-01-01

    In their 2005 "Harvard Business Review" article, Bennis and O'Toole described business schools as being "on the wrong track" as a result of their focus on so-called scientific research. Some commentators argue that business schools have slowly lost their relevance since the end of the 1950s when they undertook a major overhaul in response to the…

  16. Business as a Vocation: Catholic Social Teaching and Business Education

    Science.gov (United States)

    Turkson, Peter K. A.

    2012-01-01

    Building on "Vocation of the Business Leader," the recently released document from the Pontifical Council for Justice and Peace, along with input from Catholic business and educational leaders from around the world, this essay examines five pillars on which a Catholic business school should build its mission: foundations; the purpose of…

  17. Introducing a New Business Course: "Global Business and Sustainability"

    Science.gov (United States)

    Marshall, R. Scott; Harry, Sean P.

    2005-01-01

    Purpose--To outline the themes, topics and material used in a new course, Global business and sustainability, for business educators interested in integrating this emerging paradigm into their courses. Design/methodology/approach--The structure, design and reference materials for the Global business and sustainability course are reviewed. Specific…

  18. Education Business Plan 2008-11: Ministry Business Plan

    Science.gov (United States)

    Alberta Education, 2008

    2008-01-01

    The Ministry of Education has identified one core business that is an ongoing key responsibility. It is called "Core Business One: Lead and Support the Education System So That All Students Are Successful at Learning." The core business includes three goals with specific outcomes that describe the end results the Ministry wants to…

  19. Business Intelligence Approach In A Business Performance Context

    OpenAIRE

    Mihaela MUNTEAN; Cabau, Liviu Gabriel

    2011-01-01

    Subordinated to performance management, Business Intelligence approaches help firms to optimize business performance. Key performance indicators will be added to the multidimensional model grounding the performance perspectives. With respect to the Business Intelligence value chain, a theoretical approach was introduced and a practice example, based on Microsoft SQL Server specific services, for the customer perspective was implemented.

  20. The Teaching of Business Ethics: An Imperative at Business Schools

    Science.gov (United States)

    Crane, Frederick G.

    2004-01-01

    This study reports the findings of an investigation of MBAs and their views on the teaching of business ethics. The author found that tomorrow's business leaders believe that there are ethical standards that should be followed in business but that current ethical standards do not meet society's needs adequately. Moreover, although most respondents…

  1. METHODOLOGY FOR MAPPING BUSINESS PROCESS INTO EXECUTION LANGUAGE

    Directory of Open Access Journals (Sweden)

    SHAHEEN KHATOON

    2011-01-01

    Full Text Available Business process life cycle consists of different phases of development which are executed in certain order. Over the last decade, the discipline of Business Process Management has evolved to automate business processes for better performance. For this purpose, Business Process Modeling Notations (BPMN and Business Process Execution language (BPEL have been designed not only to facilitate business and technology people to effectively perform their work but also to bridge the gap between them. BPMN is a graph-oriented languagedeveloped to create notations for use by the business community to define abstract business process in workflow. BPEL on the other hand is a block structured language that has emerged as a de facto standard for implementing executable business processes which specify technical details of the workflow. In the current development scenario, the development of enterprise level application starts with BPMN models followed by transformation of these models into BPEL process definition for subsequent implementation by software developers. Since, BPMN diagrams can be mapped to BPEL processes, consequently it supports a seamless conversion of business model and IT implementation. However, this transformation is not straightforward due to conceptual mismatch of BPMN and BPEL. In this paper BPMN is evaluated analytically to find the representation and semantic mismatch with BPEL and propose a unique approach which can be used to remove the structural and synchronization mismatch of BPMN and BPEL. The proposed approach is accomplished by developing a methodology which transforms the BPMN model into a semantically equivalent block diagram which can be directly transformed into BPEL.

  2. Business Associations and Private Ordering

    NARCIS (Netherlands)

    Prüfer, J.

    2012-01-01

    Abstract: We study the capacity of business associations - private, formal, noncommercial organizations designed to promote the common business interests of their members - to support contract enforcement and collective action. Inspired by recent empirical literature, our theoretical framework conne

  3. A HEALTHY BUSINESS COMPETITIONING PARTNERSHIP

    Directory of Open Access Journals (Sweden)

    Andi Aprasing

    2013-07-01

    Full Text Available To achieve the development goals the Government continually carry out national development based on the practice of Pancasila which covers all aspects of the life of the nation. Government as the highest power organization authorized to redirect and protect the public in the exercise of its activities through the partnership, sometimes business medium/large businesses treat small businesses not as it should be. That means big business did not help the development of small businesses and even the large business partnership is increasingly growing, the partnership merely proves that big companies care about the social environment and small businesses less benefit as purpose partnerships that help the development of small businesses.

  4. Teaching Business Ethics through Literature.

    Science.gov (United States)

    Shepard, Jon M.; Goldsby, Michael G.; Gerde, Virginia W.

    1997-01-01

    Business students need a vocabulary of ethics consistent with the ideology of capitalism. An approach using business-related classic literature (such as "Babbitt") is a way to develop vocabulary and explore ethical issues. (SK)

  5. Different Categories of Business Risk

    Directory of Open Access Journals (Sweden)

    Ioana-Veronica ALEXA

    2012-08-01

    Full Text Available Every business organisation involves some elements of risk. Unmitigated risks can result in lost opportunity, financial losses, loss of reputation, or loss of the right to operate in a jurisdiction. Like any other risk type, understanding business risks is quite important for every business to garner profits instead of facing losses. A business risk is a universal risk type; this means that every business in the world faces business risks. Therefore, it is imperative to understand the different categories of business risk in order creating the appropriate strategies. The aim of this paper is to describe the most important categories of business risks and to demonstrate that every type of risk has to receive equal treatment and consideration.

  6. Different Categories of Business Risk

    Directory of Open Access Journals (Sweden)

    Simona-Valeria TOMA

    2011-11-01

    Full Text Available Every business organisation involves some element of risk. Unmitigated risks can result in lost opportunity, financial losses, loss of reputation, or loss of the right to operate in a jurisdiction. Like any other risk type, understanding business risks is quite important for every business to garner profits instead of facing losses. A business risk is a universal risk type; this means that every business in the world faces business risks. Therefore, it is imperative to understand the different categories of business risk in order to create the appropriate strategies. The aim of this paper is to describe the most important categories of business risks and to make sure that every type of risk receives equal treatment and consideration.

  7. Should Online Businesses Be Taxed?

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    From July 1,people running businesses or offering services online in China are required to register their identities with trading platform operators. The real-name registration system for online businesses under

  8. Small Business's Big Training Needs.

    Science.gov (United States)

    Kelly, Leslie

    1984-01-01

    Discusses the training needs of small businesses in light of their high failure rate (50 percent). Includes characteristics of successful small businesses, potential training needs, training methods, and topics for seminars. (JOW)

  9. Business model dynamics and innovation

    DEFF Research Database (Denmark)

    Cavalcante, Sergio Andre; Kesting, Peter; Ulhøi, John Parm

    2011-01-01

    and routine research into the concept of business model. The main focus of the paper is on strategic and terminological issues. Findings – The paper offers a new, process-based conceptualization of business model, which recognizes and integrates the role of individual agency. Based on this, it distinguishes......Purpose – This paper aims to discuss the need to dynamize the existing conceptualization of business model, and proposes a new typology to distinguish different types of business model change. Design/methodology/approach – The paper integrates basic insights of innovation, business process...... and specifies four different types of business model change: business model creation, extension, revision, and termination. Each type of business model change is associated with specific challenges. Practical implications – The proposed typology can serve as a basis for developing a management tool to evaluate...

  10. Kenya’s Business Networks

    Directory of Open Access Journals (Sweden)

    David Irwin

    2015-01-01

    Full Text Available It has been suggested that business leaders—insofar as they are able to exert influence over public policy—do so through their personal networks rather than acting through, or on behalf of, wider groups of businesses. The purpose of this article is to explore the extent to which personal networks in Kenya give business leaders easy access to policy makers. The concern is that a few business leaders may be able to influence public policy, for good or ill, for public benefit or private gain, irrespective of the views of the majority of private businesses or, at least, the majority of businesses in their sector. This article takes a novel approach mapping relationships to explore the extent to which business leaders are appointed to public bodies. It finds little evidence to support the thesis that an inner circle of business leaders has undue influence.

  11. What's a business for?

    Science.gov (United States)

    Handy, Charles

    2002-12-01

    In the wake of the recent corporate scandals, it's time to reconsider the assumptions underlying American-style stock-market capitalism. That heady doctrine--in which the market is king, success is measured in terms of shareholder value, and profits are an end in themselves--enraptured America for a generation, spread to Britain during the 1980s, and recently began to gain acceptance in Continental Europe. But now, many wonder if the American model is corrupt. The American scandals are not just a matter of dubious personal ethics or of rogue companies fudging the odd billion. And the cure for the problems will not come solely from tougher regulations. We must also ask more fundamental questions: Whom and what is a business for? And are traditional ownership and governance structures suited to the knowledge economy? According to corporate law, a company's financiers are its owners, and employees are treated as property and recorded as costs. But while that may have been true in the early days of industry, it does not reflect today's reality. Now a company's assets are increasingly found in the employees who contribute their time and talents rather than in the stockholders who temporarily contribute their money. The language and measures of business must be reversed. In a knowledge economy, a good business is a community with a purpose, not a piece of property. If, like many European companies, a business considers itself a wealth-creating community consisting of members who have certain rights, those members will be more likely to treat one another as valued partners and take responsibility for telling the truth. Such a community can also help repair the image of business by insisting that its purpose is not just to make a profit but to make a profit in order to do something better.

  12. Drivers and moderators of business decline

    Directory of Open Access Journals (Sweden)

    Marius Pretorius

    2010-12-01

    Full Text Available Purpose: Reports of business failure elicit various reactions, while research in this domain often appears to be limited by a lack of access to information about failure and by the negativity that surrounds it. Those who have experienced failure do not readily talk about it, or they disappear from the radar screen of researchers. Yet failure is preceded by decline which, when focused on strategically, can reduce eventual failures if early action is taken. The main purpose of this study is to develop a conceptual framework or typology of the drivers and moderators of business decline. Design/methodology/approach: After applying the "grounded theory" approach to the academic literature on decline and failure, a conceptual framework for the variables that drive and moderate business decline is proposed. Findings: The study proposes that decline has three core drivers, three peripheral drivers and four moderators. The core drivers identified are: resource munificence; leadership as origin; and causality (strategic versus operational origin of decline. The three peripheral drivers are: unique preconditions; continuous decisions impact; and extremes dichotomy. The study describes four moderators of the drivers: life cycle stage; stakeholder perspective; quantitative versus qualitative nature of signs and causes; and finally the age and size effects. Research limitations/implications: The proposed conceptual framework is based on literature only, although it has found support during discussions with practitioners. It is proposed to readers of this journal for scrutiny and validation. Practical implications: Strategists need to understand what drives decline in order to act timeously; practitioners who have an insight into the moderators with their impacts could make better decisions in response to decline in organisations and possibly avoid business failure. Originality/Value: Understanding business decline is still a huge theoretical challenge, which

  13. Business School corporate brand identities

    OpenAIRE

    Syed Alwi, SF; CheHa, N; Yen, D

    2013-01-01

    The escalation in the number of business schools in Malaysia has created a competitive pressure to attract the best students and lecturers from both the national and international arenas. These business schools have, and, are developing competitive marketing strategies to augment their brand images in terms of university rankings as well as be seen as the top business school in the country. However, little is known to understand how these business schools position their brand images in order ...

  14. Business Choice of Enterprises' Diversification

    Institute of Scientific and Technical Information of China (English)

    QinZheng; ZouJianjun; ChenShou

    2005-01-01

    The strategy of diversification has become an important approach to enterprise development A successful diversification strategy depends mainly on the correct business choice. Before choosing a new business, we must identify the core competeneies of the enterprise and research the attraction and criticai success factors of the target business. Then we should make sure whether the core competencies match the critical success factors or not.The new business should be useful for cuitivating sustainable competitive advantage.

  15. Project management of business process

    OpenAIRE

    Jovanović, Slaviša

    2011-01-01

    This thesis presents one of the hottest areas in today's software industry, business process management (. Business Process Management has become an important tool for companies to hone their capabilities and business processes to adjust rapid and sudden changes in the marketplace and achieve the set of plans. Thesis is divided into two parts. The first section provides an overview of the scope of business process management through the project approach, historically defined its...

  16. Politeness Principle and Business Correspondence

    Institute of Scientific and Technical Information of China (English)

    杨雅婷

    2015-01-01

    With the development of the process of global economy, the international economic cooperation and exchanges are increasing. It is impossible that we meet al our trading partners face to face, a courteous and descent business letter can help to build a favorable business image for the company and do business better. This paper aims to analyze the politeness principle make people understand the importance of politeness in business letters better.

  17. The Mobility of Business Knowledge

    OpenAIRE

    Zoltán Bartha

    2010-01-01

    Different aspects of business knowledge’s mobility are analysed in the paper. We define business knowledge as action-related skills, and codified messages that contribute to the effective combination of inputs. In other words business knowledge can be explicit at times, but also may appear as highly implicit. The mobility of the factor is extremely important: if it is found that certain elements of business knowledge are immobile, enterprises may only get access to it if they move to regions ...

  18. 78 FR 59410 - Small Business Innovation Research and Small Business Technology Transfer Programs...

    Science.gov (United States)

    2013-09-26

    ... From the Federal Register Online via the Government Publishing Office SMALL BUSINESS ADMINISTRATION Small Business Innovation Research and Small Business Technology Transfer Programs... period for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer...

  19. 78 FR 48537 - Small Business Innovation Research and Small Business Technology Transfer Programs...

    Science.gov (United States)

    2013-08-08

    ... ADMINISTRATION Small Business Innovation Research and Small Business Technology Transfer Programs... Administration (SBA) is publishing the Small Business Innovation Research (SBIR) and Small Business Technology... Business Administration, 409 Third Street SW., Washington, DC 20416; or send an email to...

  20. 76 FR 21033 - International Business Machines (IBM), Sales and Distribution Business Unit, Global Sales...

    Science.gov (United States)

    2011-04-14

    ... Employment and Training Administration International Business Machines (IBM), Sales and Distribution Business... workers of International Business Machines (IBM), Sales and Distribution Business Unit, Global Sales... services for the Sales and Distribution Business Unit. The negative determination was based on the...

  1. 76 FR 32231 - International Business Machines (IBM), Sales and Distribution Business Unit, Global Sales...

    Science.gov (United States)

    2011-06-03

    ... Employment and Training Administration International Business Machines (IBM), Sales and Distribution Business... and location is International Business Machines (IBM), Sales and Distribution Business Unit, Global... apply for worker adjustment assistance for workers and former workers of International Business...

  2. 76 FR 46853 - International Business Machines Corporation, ITD Business Unit, Division 7, E-mail and...

    Science.gov (United States)

    2011-08-03

    ... Employment and Training Administration International Business Machines Corporation, ITD Business Unit... States Reporting to Armonk, NY; International Business Machines Corporation, Web Strategy and Enablement..., applicable to workers of International Business Machines Corporation (IBM), ITD Business Unit, Division 7,...

  3. Organization Development in Business Education

    Science.gov (United States)

    Warrick, D. D.; Zawacki, Robert A.

    1977-01-01

    Presents results of a survey of the domestic membership of the American Association of Collegiate Schools of Business, which indicated that organization development (OD) is becoming a regular part of the curriculum in college level business schools. Ten tables indicating various aspects of OD growth in business school curricula are included. (TA)

  4. CURRENT TRENDS IN INTERNATIONAL BUSINESS

    Directory of Open Access Journals (Sweden)

    Evgeny V. Ryabinin

    2015-01-01

    Full Text Available The methodological bases of researchof international business are stated in the article. The great attention is focused on analysis of main trends in development of international. The comparison of competitiveness to of most used forms ofinternational business, as well as identified the main problems and barriers of theinternational business structures.

  5. CURRENT TRENDS IN INTERNATIONAL BUSINESS

    OpenAIRE

    Evgeny V. Ryabinin

    2015-01-01

    The methodological bases of researchof international business are stated in the article. The great attention is focused on analysis of main trends in development of international. The comparison of competitiveness to of most used forms ofinternational business, as well as identified the main problems and barriers of theinternational business structures.

  6. Real Language Meets Real Business

    Science.gov (United States)

    Muirhead, Muirhead; Schechter, Sarah

    2016-01-01

    The Real Business Language Challenge was a collaborative pilot project between Coca-Cola Enterprises (CCE) and Routes into Languages East for Year 9 and 10 pupils. It was based on CCE's award-winning Real Business Challenge, part of its highly acclaimed education programme. The Real Business Language Challenge transformed the project into a…

  7. Business and International Education Program

    Science.gov (United States)

    Office of Postsecondary Education, US Department of Education, 2012

    2012-01-01

    This paper presents an overview of the Business and International Education Program of the International Education Programs Service (IEPS). This program provides funds to institutions of higher education that enter into an agreement with a trade association, a business, or both for the purpose of improving business curriculum and as a means of…

  8. Doing Business Economy Profile 2017

    OpenAIRE

    World Bank Group

    2016-01-01

    This economy profile presents the Doing Business indicators for India. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Economies are ranked on their ease of doing bus...

  9. The Business of Governing Schools

    Science.gov (United States)

    Gann, Nigel

    2015-01-01

    In September 2015, the Secretary of State for Education asked for more business involvement in schools, and in particular for business leaders' help to improve failing schools. This article questions the twenty-year campaign by all governments to engage business expertise and values in the governance of schools.

  10. Measuring Entrepreneurship in Business Schools

    Science.gov (United States)

    Hazeldine, Mary; Miles, Morgan

    2007-01-01

    The recent positions of the Association to Advance Collegiate Schools of Business (AACSB) and the European Foundation for Management Developments (EQUIS) on the value of entrepreneurship suggest a more entrepreneurial perspective in a business school's culture and strategic processes for obtaining and sustaining a business school's reputation. The…

  11. Videoconferencing in the Business Curriculum.

    Science.gov (United States)

    Hildebrand, Janet E.

    1995-01-01

    Presents six aspects of business school videoconferencing: (1) a rationale for using videoconferencing in the business curriculum; (2) a description of the Videoconferencing Center in the Texas Christian University business school; (3) budgetary considerations and resources; (4) learning objectives for student videoconferencing; (5) sample…

  12. Hispanic Women Small Business Owners.

    Science.gov (United States)

    Sarason, Yolanda; Koberg, Christine

    1994-01-01

    A survey of 22 Hispanic women who owned small businesses in a western state found that most were located in metropolitan areas, were new to business ownership, had started the business themselves, engaged in "miscellaneous services," and generated lower than average revenues. Respondents were similar to nonminority owners in educational…

  13. Modified Small Business Network Security

    Directory of Open Access Journals (Sweden)

    Md. Belayet Ali

    2012-02-01

    Full Text Available This paper covers some likely threats and effectivesteps for a secure small business. It also involves a flowchart tocomprehend the overall small business network security easilyand we identify a set of security issues and applyappropriate techniques to satisfy the correspondingsecurity requirements. In respect of all, this document isstrong enough for any small business network security.

  14. The Business Approach to Training.

    Science.gov (United States)

    Williams, Teresa; Green, Adrian

    This self-study book concentrates on enabling trainers to talk and think in a business-related way, use business concepts and terminology, and translate training and development ideas into a business setting. Each part contains activities to enable users to study their training and development function and organization and consider how to use the…

  15. Using business analytics to improve outcomes.

    Science.gov (United States)

    Rivera, Jose; Delaney, Stephen

    2015-02-01

    Orlando Health has brought its hospital and physician practice revenue cycle systems into better balance using four sets of customized analytics: Physician performance analytics gauge the total net revenue for every employed physician. Patient-pay analytics provide financial risk scores for all patients on both the hospital and physician practice sides. Revenue management analytics bridge the gap between the back-end central business office and front-end physician practice managers and administrators. Enterprise management analytics allow the hospitals and physician practices to share important information about common patients.

  16. Safe cycling!

    CERN Multimedia

    Anaïs Schaeffer

    2012-01-01

    The HSE Unit will be running a cycling safety campaign at the entrances to CERN's restaurants on 14, 15 and 16 May. Pop along to see if they can persuade you to get back in the saddle!   With summer on its way, you might feel like getting your bike out of winter storage. Well, the HSE Unit has come up with some original ideas to remind you of some of the most basic safety rules. This year, the prevention campaign will be focussing on three themes: "Cyclists and their equipment", "The bicycle on the road", and "Other road users". This is an opportunity to think about the condition of your bike as well as how you ride it. From 14 to 16 May, representatives of the Swiss Office of Accident Prevention and the Touring Club Suisse will join members of the HSE Unit at the entrances to CERN's restaurants to give you advice on safe cycling (see box). They will also be organising three activity stands where you can test your knowle...

  17. 48 CFR 970.1907 - Subcontracting with Small Business, Small Disadvantaged Business and Woman-Owned Small Business...

    Science.gov (United States)

    2010-10-01

    ... Business, Small Disadvantaged Business and Woman-Owned Small Business Concerns. 970.1907 Section 970.1907... MANAGEMENT AND OPERATING CONTRACTS Small, Small Disadvantaged and Women-Owned Small Business Concerns 970.1907 Subcontracting with Small Business, Small Disadvantaged Business and Woman-Owned Small...

  18. Study on ABCD Analysis Technique for Business Models, business strategies, Operating Concepts & Business Systems

    OpenAIRE

    Aithal, Sreeramana

    2016-01-01

    Studying the implications of a business model, choosing success strategies, developing viable operational concepts or evolving a functional system, it is important to analyse it in all dimensions. For this purpose, various analysing techniques/frameworks are used. This paper is a discussion on how to use an innovative analysing framework called ABCD model on a given business model, or on a business strategy or a operational concept/idea or business system. Based on four constructs Advantages,...

  19. A Simple Analysis on Business English Translation

    Institute of Scientific and Technical Information of China (English)

    Jiang Yue

    2016-01-01

    With the development of economic globalization, foreign business activities have penetrated into all aspects of the society. Meanwhile business English translation plays an indispensable role in foreign business communication as a bridge. This paper carries out a simple analysis about business English translation based on three aspects: linguistic features of business English, translation methods of business English, criteria in business English translation. Based on the analysis, some feasible suggestions have been proposed for business English translators.

  20. Developing Personal Network Business Models

    DEFF Research Database (Denmark)

    Saugstrup, Dan; Henten, Anders

    2006-01-01

    on the 'state of the art' in the field of business modeling. Furthermore, the paper suggests three generic business models for PNs: a service oriented model, a self-organized model, and a combination model. Finally, examples of relevant services and applications in relation to three different cases......The aim of the paper is to examine the issue of business modeling in relation to personal networks, PNs. The paper builds on research performed on business models in the EU 1ST MAGNET1 project (My personal Adaptive Global NET). The paper presents the Personal Network concept and briefly reports...... are presented and analyzed in light of business modeling of PN....

  1. Business Models for Open Innovation

    DEFF Research Database (Denmark)

    Saebi, Tina; Foss, Nicolai Juul

    of open business models by systematically linking open innovation strategies to core business model dimensions, notably the content, structure, governance of transactions. We further illustrate a continuum of open innovativeness, differentiating between four types of open business models. We contribute......Research on open innovation suggests that companies benefit differentially from adopting open innovation strategies; however, it is unclear why this is so. One possible explanation is that companies’ business models are not attuned to open strategies. Accordingly, we propose a contingency model...... to the open innovation literature by specifying the conditions under which business models are conducive to the success of open innovation strategies....

  2. Global Employer and Business Associations

    DEFF Research Database (Denmark)

    Ronit, Karsten

    2016-01-01

    Global employer and business associations at the peak level are neglected in research, but this paper argues that it is possible to develop collective action and represent interests in many policy fields through these encompassing entities, and they add to other forms of global business...... coordination. This study analyses all the global peak associations (International Chamber of Commerce, International Organisation of Employers, World Chambers Federation, Business and Industry Advisory Committee to the OECD, B20 Coalition, World Economic Forum and World Business Council for Sustainable...... implications for our understanding of global politics where new approaches are needed to analyse the institutionalisation of business interests....

  3. Business Models for Open Innovation

    DEFF Research Database (Denmark)

    Saebi, Tina; Foss, Nicolai J.

    2015-01-01

    Research on open innovation suggests that companies benefit differentially from adopting open innovation strategies; however, it is unclear why this is so. One possible explanation is that companies' business models are not attuned to open strategies. Accordingly, we propose a contingency model...... of open business models by systematically linking open innovation strategies to core business model dimensions, notably the content, structure, governance of transactions. We further illustrate a continuum of open innovativeness, differentiating between four types of open business models. We contribute...... to the open innovation literature by specifying the conditions under which business models are conducive to the success of open innovation strategies....

  4. Business Plans Kit For Dummies

    CERN Document Server

    Barrow, Colin

    2011-01-01

    An interactive guide to every element of the business planning processAre you an entrepreneur who wants to make it big? A manager grappling with logistics? A small business owner trying to map out a future in shaky economic times? Then look no further! Business Plans Kit For Dummies is a nuts-and-bolts guide to evaluating and invigorating your commercial strategy, no matter how big or small your business.Lay the foundations - identify your long-term goals and brainstorm your business options Develop the skills - sketch out a working model, size up competitors and fire up your marketing machine

  5. Moral Leadership A Business Imperative

    OpenAIRE

    Goh, Alex Shaw Peng

    2003-01-01

    The above Enron-centric quotations serve to set the stage for the spirit of this research. While care should be accorded to ensure that one does not generalize on the current leadership situation from this one high profile case of business failure, it is fair to note that the level of trust on current business leadership is being questioned and that business schools are beginning to focus on the softer aspects of the business leadership program. Moral leadership in business is about doing the...

  6. Outsourcing the Business Services

    Directory of Open Access Journals (Sweden)

    Ioan I. ANDONE

    2010-01-01

    Full Text Available The nowadays international market of outsourcing services is relatively mature and with age comes wisdom ... Thus, on a grown market, choosing to outsource services can not only be justified by the strive to reduce costs but it aims to meeting more advanced objectives as accurate alignment with business strategies of the enterprise. As a result, outsourcing has reached new forms of expression that can help the enterprises to gain competitive advantage. In the context of a grown market, a new concept appears, namely the multisourcing which it refers to the outsourcing model of the future [1] that businesses must prepare to accept and use. This concept or model of the future refers to working with several suppliers, which are competitors in a spirit of trust and teamwork, in a collaborative process to maximize the benefits associated with outsourcing process.

  7. FRANCHISE FROM FAMILY BUSINESS?

    Directory of Open Access Journals (Sweden)

    Adrián NAGY

    2016-06-01

    Full Text Available The purpose of this study was to examine the franchise as a form of enterprise in perspective to existing family businesses and how can they operate this way. Why is this form better for them, what advantages it has? In this case an ice cream shop’s economic inidicators were examined ,one which is owned by a hungarian family in Jász-Nagykun-Szolnok county who runs several shops like this. That is why this study was made, to find out if it is possible to run it sucsessfully and what costs does the newcomers in the franchise business network have to pay and how much is the time on the return of investments.

  8. Sustainability in Business

    DEFF Research Database (Denmark)

    Tollin, Karin; Vej, Jesper

    2012-01-01

    How do companies integrate sustainability into their strategy and practices, and what factors explain their approach? In this paper a typology of sustainability strategies is presented as well as a conceptual framework relating sustainability at the company level to the functional level...... of marketing. The central contribution of the typology is a strategic and managerial view on sustainability. Furthermore, the typology shows that sustainability in business is enacted from different areas of competences and fields in the literature (e.g. supply chain management, corporate branding, value...... creation, product innovation and business model innovation). The empirical basis for the typology is an exploratory study of managers' mindsets about sustainability as strategy. Ten top managers involved with integrating sustainability within their companies have been interviewed. In order to reveal...

  9. Business process support

    Energy Technology Data Exchange (ETDEWEB)

    Carle, Adriana; Fiducia, Daniel [Transportadora de Gas del Sur S.A. (TGS), Buenos Aires (Argentina)

    2005-07-01

    This paper is about the own development of business support software. The developed applications are used to support two business processes: one of them is the process of gas transportation and the other is the natural gas processing. This software has interphases with the ERP SAP, software SCADA and on line gas transportation simulation software. The main functionalities of the applications are: entrance on line real time of clients transport nominations, transport programming, allocation of the clients transport nominations, transport control, measurements, balanced pipeline, allocation of gas volume to the gas processing plants, calculate of product tons processed in each plant and tons of product distributed to clients. All the developed software generates information to the internal staff, regulatory authorities and clients. (author)

  10. Business Process Outsourcing

    Directory of Open Access Journals (Sweden)

    Doina FOTACHE

    2006-01-01

    Full Text Available Business Process Outsourcing (BPO is gaining widespread acceptance throughout the US, Europe, South America and Asia Pacific as the top executives of leading multinationals turn to outsourcing as a strategic management tool for improving corporate performance, profitability and shareholder value. BPO started to emerge a few years ago as follow-on to IT outsourcing. The concept is not new; BPO is the contracting of a specific business task. Outsourcing focuses on adding value typically to non-core and non-complex activities by buying in best practices and economies of scale. Because reduce costs, focus on core strategic activities and improve customer service, an increasing number of organizations in both the public and the private sector are looking toward BPO as a solution to their needs.

  11. Business Model Innovation Leadership

    DEFF Research Database (Denmark)

    Lindgren, Peter

    2012-01-01

    a framework model called the BMIL strategy canvas. The research approach was action research carried out from 2008 - 2012. Intense study of 35 US and EU SME´s and 97 of their different BM´s form the empirical background. The findings represent learning and characteristic of BMIL with a strong reference......When SME´s practice business model (BM) innovation (BMI), leading strategically BMs through the innovation process can be the difference between success and failure to a BM. Business Model Innovation Leadership (BMIL) is however extremely complex to carry out especially to small and medium size...... enterprises (SME). There are so many opportunities, pitfalls and strategies to consider while “the business” has to be operated simultaneously. The paper provides a study of BMIL in practise in SME´s and show different ways of how they handle BMIL and BMIL strategies. The SME´s were examined through...

  12. Business, brokers and borders

    DEFF Research Database (Denmark)

    Walther, Olivier

    Using social network analysis, this paper studies the structure of trade networks that developed across West African borders. The first part aims to understand the centralization of cross-border trade networks. In a business environment where transaction costs are extremely high, we find that dec......Using social network analysis, this paper studies the structure of trade networks that developed across West African borders. The first part aims to understand the centralization of cross-border trade networks. In a business environment where transaction costs are extremely high, we find...... developed with foreign partners from a different origin, religion or culture. In the second part, we study the spatial structure of trade networks and the influence of national borders on the development of social ties. The paper shows that the spatial form of trade networks is constrained by the historical...

  13. Theorising Global Business Spaces

    OpenAIRE

    Jones, A

    2009-01-01

    Over the last decade, geographers have paid a great deal of attention to transnational firms (TNCs) and global production networks (GPNs) in the global economy, to the emergence of a mobile transnational business class and also to the development of global or globalizing cities. All three literatures have made important contributions to understanding the spatiality of global economic activity, but each adopts a fairly discreet theoretical and empirical focus. This article aims to outline a nu...

  14. Small business & employment

    OpenAIRE

    Lieshout, Harm van

    2015-01-01

    Understanding SMEs is essential to our aspired succes as an economic partner. Small enterprises are not small big enterprises, and differ substantially among them The key ingredient to our help from education remains the education of a new highly skilled generation of workers … and entrepreneurs. Entrepreneurs do not necessarily want to be employers, and are not necessarily good at it. But to ensure a healthy life in a healthy business, they need to be.

  15. Collocations in Business English

    OpenAIRE

    Matjaž Martič

    2009-01-01

    The article starts with a brief theoretical overview that defines the term ‚collocation.‛ It then presents a corpus study designed to determine the most frequent lexical collocations in Business English using the concordance program WordSmith Tools. This study is based on the assumption that English mainly consists of various (changeable) phraseological units and that both free combinations as well as completely ‚frozen‛ word combinations account for only a small share of the language. Englis...

  16. Business process transformation

    CERN Document Server

    Grover, Varun

    2015-01-01

    Featuring contributions from prominent thinkers and researchers, this volume in the ""Advances in Management Information Systems"" series provides a rich set of conceptual, empirical, and introspective studies that epitomize fundamental knowledge in the area of Business Process Transformation. Processes are interpreted broadly to include operational and managerial processes within and between organizations, as well as those involved in knowledge generation. Transformation includes radical and incremental change, its conduct, management, and outcome. The editors and contributing authors pay clo

  17. Business statistics I essentials

    CERN Document Server

    Clark, Louise

    2014-01-01

    REA's Essentials provide quick and easy access to critical information in a variety of different fields, ranging from the most basic to the most advanced. As its name implies, these concise, comprehensive study guides summarize the essentials of the field covered. Essentials are helpful when preparing for exams, doing homework and will remain a lasting reference source for students, teachers, and professionals. Business Statistics I includes descriptive statistics, introduction to probability, probability distributions, sampling and sampling distributions, interval estimation, and hypothesis t

  18. On Business Incubation

    Institute of Scientific and Technical Information of China (English)

    王楠

    2014-01-01

    The paper is organized in three parts. The first part is about the history and development periods of business incubation; the second one is on its three generations defined by scholars; and the third one is on its present situation including various forms of incubators. In the conclusion, a brief reflection is made on its significance in economy and on the value it provides for society.

  19. Getting Down to Business

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    Regulators issue detailed rules and regulations for enforcing the nation’s new Anti-Monopoly Law on August 4, the State Council officially announced the first series of regulations for determining potentially monopolistic behaviors among companies and other business entities. It is expected to issue further detailed guidelines for enforcing the country’s new AntiMonopoly Law, which went into effect on August 1.

  20. Business Plan: Vietnamese Restaurant

    OpenAIRE

    Vo, Hong

    2014-01-01

    This thesis is about planning for a start-up Vietnamese restaurant in Helsinki center. Enjoying Asian food seems to be a trend for Finish people nowadays. In addition, Vietnamese cuisine is famous, delicious and worth- introduced around the world. The statistics of Vietnamese in foreign country is growing and Finnish people are more interested in Vietnamese culture. Therefore, opening a Vietnamese restaurant business in Helsinki center may be potential. The thesis begins with an introdu...

  1. German Business in Russia

    Directory of Open Access Journals (Sweden)

    Irakliy D. Gvazava

    2013-01-01

    Full Text Available Since Perestroika German-Russian relationships have been steadily developing fueled by close contacts between the leaders of both countries. Boris Yeltsin and Helmut Kohl, Vladimir Putin and Gerhard Schröder, Dmitry Medvedev and Angela Merkel had friendly relations resulted in some fruitful business projects, intergovernmental economic forums etc. In my article I will consider the activities of German companies in Russia, advantages, barriers and expectations

  2. Open Hardware Business Models

    Directory of Open Access Journals (Sweden)

    Edy Ferreira

    2008-04-01

    Full Text Available In the September issue of the Open Source Business Resource, Patrick McNamara, president of the Open Hardware Foundation, gave a comprehensive introduction to the concept of open hardware, including some insights about the potential benefits for both companies and users. In this article, we present the topic from a different perspective, providing a classification of market offers from companies that are making money with open hardware.

  3. On the Linguistic Features of Business English

    Institute of Scientific and Technical Information of China (English)

    许进

    2016-01-01

    Business English is an English variant used in international business activities for business purposes.This paper elabo-rates the linguistic features of business English from the aspects of phonetics,lexicology,syntax and text linguistics. This paper serves for helping learners and businessmen to understand business English and improve their language capacities in business practice.

  4. Christian attitude in business

    Directory of Open Access Journals (Sweden)

    J M Vorster

    2006-09-01

    Full Text Available The beginning of the twenty-first century faces new challenges in the field of business ethics.� Totally new macro-ethical challenges have arisen and they have already inspired constant ethical reflection. Two major developments in the field of economics paved the way for this new interest in business ethics: the total dominance of the market driven economy and economic globalization. This article investigates the ethical challenges posed by this new environment from a Christian ethical perspective. Firstly norms are formulated flowing from the paradigm of Christian attitude as a manifestation of the attitude of Christ. These are love, stewardship, self-denial and obedience to God. These norms are then applied to the following modern-day issues in the field of business ethics: the challenge of globalization, respect for basic human rights, remuneration, the corporation as a moral model, the need for self-evaluation, political responsibility and environmental concern. In conclusion I attempt to define the role of Christians and Christian churches in transforming corporations into moral agents.

  5. The Language Business

    Directory of Open Access Journals (Sweden)

    Charity T. Gamboa

    2008-04-01

    Full Text Available E-learning has become a trend wherein people would opt to learn at their own pace. This need arises particularly when non-English speakers would want to learn English but do not want to go through the hassle of attending regular classes, thus, the option to study online is a good way for them to balance their work and study time. In fact, most of these students are traders who feel that learning English is an essential factor in doing business and getting foreign partners. This paper presents an overview of how there is a conflict between issues underlying the business side of an online tutorial and the pertinent issues of how English should be t aught as a learning process. This overview will identify the argument between the business of online tutorial and the learning process itself and how it should be balanced, as well as the essential ingredients of successful online tutorials based on experiences of online tutorial schools in the Philippines

  6. Business ethics in developing countries

    Directory of Open Access Journals (Sweden)

    G.J. Rossouw

    1992-03-01

    Full Text Available Underlying this paper is the conviction that it is of the utmost importance that business ethics should indeed become an integral part of business culture in all, and therefore also in developing countries. It is not to be denied that business ethics has to a much larger extent become pari of the business culture' in developed countries than in developing countries. The primary aim of this paper is to provide an explanation for the fact that business ethics is fighting an uphill battle in becoming pari of the business culture in developing countries. Secondly, a thumbnail sketch is given of the preconditions that have to be fulfilled in order to stimulate the development of a moral business culture in developing countries. In order to achieve these goals I will focus mainly on Africa, and more specifically on South Africa.

  7. Writing a successful business plan.

    Science.gov (United States)

    Haag, A B

    1997-01-01

    1. In creating and building a business, the entrepreneur assumes all the responsibilities for its development and management, as well as the risks and risks and rewards. Many businesses do not survive because business owners fail to develop an effective plan. 2. The business plan focuses on major areas of concern and their contribution to the success of a new business. The finished product communicates the product/service to others and provides the basis for the financial proposal. 3. Planning helps identify customers, market area, pricing strategy, and competitive conditions. It aids in decision making and is an essential guide for operating a business successfully and measuring progress. 4. The business plan not only serves as a mechanism for obtaining any needed financial resources, but also indicates the future direction of the company.

  8. UML in business process modeling

    Directory of Open Access Journals (Sweden)

    Bartosz Marcinkowski

    2013-03-01

    Full Text Available Selection and proper application of business process modeling methods and techniques have a significant impact on organizational improvement capabilities as well as proper understanding of functionality of information systems that shall support activity of the organization. A number of business process modeling notations were popularized in practice in recent decades. Most significant of the notations include Business Process Modeling Notation (OMG BPMN and several Unified Modeling Language (OMG UML extensions. In this paper, the assessment whether one of the most flexible and strictly standardized contemporary business process modeling notations, i.e. Rational UML Profile for Business Modeling, enable business analysts to prepare business models that are all-embracing and understandable by all the stakeholders. After the introduction, methodology of research is discussed. Section 2 presents selected case study results. The paper is concluded with a summary.

  9. Business plan basics for engineers

    DEFF Research Database (Denmark)

    Tanev, Stoyan; Rasmussen, Erik Stavnsager; Riber Hansen, Katrine

    2016-01-01

    This chapter focuses on the nature of business planning activities from an engineering entre-/intra-preneurial perspective. It is therefore not limited to technology start-ups or newly created engineering firms but equally relevant for established firms investing in projects that assemble......-driven business environments which are typical the business playground for engineering professionals, the chapter focuses on describing the two key components of the business planning process: the articulation and the development of a viable business model, and managing the scaling up and the growth...... of the business. The de-scription does not pretend to exhaust the topic and continuously refers to several excellent recent publications that could complement the learning process of young and advanced engi-neering professionals interested in knowing more about the business planning process....

  10. The Style of Business Letters

    Institute of Scientific and Technical Information of China (English)

    Li Kai

    2008-01-01

    This study explores the application of Systemic Functional Granunar (SFG) to the analysis of English Business Letters (EBL). With China's opening up to the outside, especially its entrance into WTO, international business is becoming more and more popular. Most of the transactions in international business are discussed in detail through airmail letters, telegrams, telexes, faxes or E-mails.As a world language, English is used widely in the negotiation of international businesses. Writing a piece of effective English Business Letter is of great importance. As a medium between the business partners, EBL affects the interaction and negotiation between them. This article is intended to seek the linguistic characteristics of business letters and prove that the theories of SFG can be used to analyze EBL discourse and they are actually effective.

  11. Biased Technical Change ,Habit Formation and Real Business Cycle in China: A Study on a RBC Model%偏向性技术变迁、习惯形成与中国经济周期特征——基于RBC模型的实证分析

    Institute of Scientific and Technical Information of China (English)

    吕朝凤; 黄梅波

    2012-01-01

    This article constructed a dynamic equilibrium model that was incorporated the biased technical change shocks and standard productivity shocks and included the formation of consumption habit, while it based on which model to analyze the business cycles in China 1979 -2009. It showed that model was much consistent to the facts of China' s real business. After comparative analyzing, this model would explain better China' s macroeconomic fluctuations than the RBC model that does not include labor,than the RBC model that includes dividable labor and than the RBC model that includes dividable labor and habit formation, which implies that the introduction of habit formation, biased technical change and standard productivity shocks into the model greatly improves simulation results. Unlikely with that the standard productivity shocks had the positive wealth affections ,the biased technical change shocks had the weal affections. The industrialization strategy that was pushed in 1979 - 2007 by China government and lowered the labor elastics promoted increasing of people' s consumption and increasing of capital accumulation and GDP output,therefore,this article argued that which strategy is successful.%本文构建了一个同时引入偏向性技术变迁与中性技术冲击的包含居民消费的习惯形成的随机动态一般均衡模型,并以此模型为基础,对1979-2009年间中国宏观经济进行实证检验。研究表明:模型的预测结果与中国的特征事实较一致;对中国宏观经济的解释力要强于未包含劳动的RBC模型、包含资本劳动的可分劳动RBC模型、引入居民消费的习惯形成的可分劳动RBC模型,说明这一模型更符合中国经济的特征事实;与正的中性技术冲击具有正财富效应相反,正的偏向性技术变迁冲击具有明显的负财富效应特征;我国1979-2007年间推行的降低劳动弹性的偏向性技术变迁工业化发展战略促进了我国居民

  12. From Business Corpus to Business Lexicon*

    Directory of Open Access Journals (Sweden)

    Li Lan

    2011-10-01

    Full Text Available

    Abstract: Language corpora are now indispensable to dictionary compilation. They help broaden the role of the dictionary from standardizing the vocabulary to recording a language. The trilingual corpus generated by the Hong Kong Polytechnic University gives a record of business languages used in Hong Kong. It differs from other corpora in that (1 it includes English, Chinese and Japanese; (2 it shows local characteristics; and (3 it focuses on a specific area (financial services, including banking, accounting, auditing, insurance and investment. The paper discusses various issues of setting up a tricorpus, and how to make full use of the data to generate a trilingual lexicon.

    Keywords: MULTILINGUAL, SPECIAL PURPOSE, CORPUS, LEXICON

    Opsomming: Van sakekorpus tot sakeleksikon. Taalkorpora is tans onontbeerlik virdie samestelling van woordeboeke. Hulle help om die rol van die woordeboek uit te brei vanaf diestandaardisering van die woordeskat tot die optekening van ‘n taal. Die drietalige korpus wat deurdie Hongkongse Politegniese Universiteit ontwikkel is, verskaf ‘n opgawe van die saketale wat inHongkong gebruik word. Dit verskil van ander korpora deurdat (1 dit Engels, Chinees and Japaneesinsluit; (2 dit plaaslike eienskappe vertoon; en (3 dit op 'n spesifieke gebied (finansiële dienste,insluitende bankwese, rekeningkunde, ouditering, versekering en belegging fokus. Die artikelbespreek verskillende aspekte van die totstandbrenging van 'n drietalige korpus, en hoe om vollegebruik te maak van die data om 'n drietalige leksikon te genereer.

    Sleutelwoorde: MEERTALIG, SPESIALE DOEL, KORPUS, LEKSIKON

  13. Don't hate the business, become the business

    DEFF Research Database (Denmark)

    Andersen, Christian Ulrik; Cox, Geoff; Pold, Søren Bro

    DON’T HATE THE BUSINESS, BECOME THE BUSINESS The panel investigates some of the interconnections between art, activism and business. “Don’t hate the media, become the media”, was one of the slogans of Indymedia. We are applying this critical hands-on perspective to the business framework....... Presenters examine how artists, rather than refusing the market, are producing critical interventions from within. As the distinction between production and consumption appears to have collapsed, every interaction in the info-sphere seems to have become a business opportunity. Therefore, the creative...... intersections between business and art become a crucial territory for re-invention and the rewriting of symbolic and cultural codes, generating political actions or social hacks that use a deep level of irony, but also unexpected consequences. The tactics demonstrate the permeability of systems — that these can...

  14. Innovating Business with Pinball Designs

    DEFF Research Database (Denmark)

    Buur, Jacob; Gudiksen, Sune Klok

    Many companies see the need to rethink their ways of doing business, in particular under the pervasive influence of Internet business. Design can play a prominent role here, as a way of expanding from a linear, rational conception of business model development. But rather than proposing ‘design t...... business models’ – for example in the form of pinball-like contraptions – encourage participants to play with hypotheses and experiment with scenarios as a way of innovating business models. In a sense this is ‘design thinking’ with hands and body.......Many companies see the need to rethink their ways of doing business, in particular under the pervasive influence of Internet business. Design can play a prominent role here, as a way of expanding from a linear, rational conception of business model development. But rather than proposing ‘design...... thinking’ as an abstract approach, this paper shows how design materials (as used routinely in the design profession), when introduced in a business context can engage a cross-disciplinary circle of stakeholders and challenge them to reconsider their business assumptions. We will show how ‘tangible...

  15. Technology ecosystems and digital business ecosystems for business

    OpenAIRE

    Marjamaa-Mankinen, L. (Liisa)

    2016-01-01

    The purpose of this study was to find out the progress in the research of technology ecosystems and digital business ecosystems and to combine that information for business purposes by the utilization of information about business ecosystems. The need for this information emerged at the Department of Information Processing Science in the context of European Union research projects. The information gained is expected to assist to increase possibilities both for the research and for the persona...

  16. BUSINESS NEEDS AND GRADUATE BUSINESS SCHOOL OFFERINGS IN MARKETING

    OpenAIRE

    Thams, Meg; GLUECK, DEBORAH

    2007-01-01

    The purpose of this study was to determine if a gap exists in the skill and knowledge businesses require of marketing employees and what the Association to Advance Collegiate Schools of Business (AACSB) accredited schools actually provide. In this quantitative study, two set of data were collected and compared, and a gap analysis conducted. A questionnaire was used to obtain data from members of the Business Marketing Association (BMA) regarding course preferences that would best prepare stud...

  17. Semantic Business Intelligence - a New Generation of Business Intelligence

    Directory of Open Access Journals (Sweden)

    Dinu AIRINEI

    2012-01-01

    Full Text Available Business Intelligence Solutions represents applications used by companies to manage process and analyze data to provide substantiated decision. In the context of Semantic Web develop-ment trend is to integrate semantic unstructured data, making business intelligence solutions to be redesigned in such a manner that can analyze, process and synthesize, in addition to traditional data and data integrated with semantic another form and structure. This invariably leads appearance of new BI solution, called Semantic Business Intelligence.

  18. Developing a business plan for a startup e-business

    OpenAIRE

    Vu, Khanh

    2013-01-01

    The purpose of this thesis is to develop an initial business plan for a startup fashion company that operates on the Internet in the Vietnamese market. To reach the target objective, the thesis first examines e-business from a theoretical perspective and considers its advantages and disadvantages. Secondly, the macro environment of the proposed business is analyzed, namely the country of Vietnam and its e-commerce environment. Finally, the outcome of the thesis is presented in the form of a b...

  19. Credit Expansion and Business Cycle in Republican China:Academic Discussion on Austrian Economist Prof .J .Huerta do Soto’s Book%民国时期的信用扩张与经济周期*--对奥地利学派德索托学术观点的讨论

    Institute of Scientific and Technical Information of China (English)

    杜恂诚

    2016-01-01

    The book ,Money ,Bank Credit and Economic Cycles ,written by Prof .J . Huerta do Soto ,an outstanding economist of Austrian school ,arouses us how to recognize the economic fluctuations in republican China .He thought that the fractional-reserve bank-ing system expanded fiduciary media ,which was the internal cause of business cycle .Ac-cording to this theory ,this paper explores Chinese-funded banking in republican China and actually finds that excessive bank credit expansion leads to excessive industry investment and resulting economic fluctuations ,because there is asymmetry between immediate price signals and intertemporal investment effects and both production enterprises and banks might fall into the asymmetry trap .The periodicity of economic fluctuations waits to fur-ther study ,and is tentatively apart from the conclusions ,but certainly ,the bank credit is not the more ,the better .Credit expansion is a double-edged sword ,and excessive credit , even if it has complete procedures and there are no problems in the form ,will become the fuse triggering economic fluctuations .This conclusion not only summarizes the financial and economic history more comprehensively ,but also has practical reference .%奥地利学派经济学家德索托的《货币、银行信贷与经济周期》一书对我们认识民国时期出现的经济波动是有启迪的。他认为,银行系统的部分准备金制度扩大了信用媒介,成为经济周期的内因。以这一理论内核来考察民国时期的华资银行业,确实可以发现,银行过分扩张信贷会引发产业的过度投资和随后的经济波动,因为存在着即时价格信号与跨期投资效应的不对称,生产企业和金融业都可能落入这一不对称的陷阱之中。这种经济波动是否具有周期性,还有待于进一步研究,姑且不下结论;但可以肯定的是,银行信贷并不是多多益善。信用扩张是一把双刃剑,即使手续完备,形

  20. BUSINESS SURVEYS-EVALUATION INSTRUMENT OF THE EUROPEAN ECONOMIC CLIMATE

    Directory of Open Access Journals (Sweden)

    SECAREANU CONSTANTIN

    2010-07-01

    Full Text Available Business surveys or conjuncture surveys are specific statiostical researches, but complementary to traditional, official statistics.While official statistics provide quantitive information regardin the level,structure and evolution of varied economic process and phenomena, business surveys offer quality information, essential to the short term evolutional analysis of economic indicators: the diagnosis of the current situation, the timely detection of inflexion points within the economic cycle and the rapid estimation of short term tendencies of the main macroeconomic indicators (the dynamics of the gross domestic product, the index of industrial production, etc.

  1. Developing Business School Strategies: A Practitioner-Oriented Conceptualization

    Directory of Open Access Journals (Sweden)

    Daniel Seelhofer

    2016-03-01

    Full Text Available This conceptual paper examines the rationale for strategic planning in business schools and outlines an applied strategy development and controlling process that has been in use at a major Swiss business school for several years, contributing to a significant strengthening of the school's strategic position. It explains the strategy hierarchy and the strategy planning cycle, describes how to conduct a consistent strategic situation analysis, and details how to develop and manage a coherent strategy at all levels (normative, strategic, tactical, and operational, including type, nature, and structure of the corresponding documents.

  2. Should government support business angel networks? The tale of Danish business angels network

    DEFF Research Database (Denmark)

    Christensen, Jesper Lindgaard

    2011-01-01

    Policies promoting informal venture capital generally and business angel networks (BANs) in particular have gained increased attention in recent years. As a consequence, BANs are now widespread across Europe. However, there continues to be a debate whether BANs should be supported with public money....... This article discusses the possible rationale for governments to support BANs and what criteria to apply when evaluating such networks. The article is based on an in-depth observation study of the whole life cycle of a national BAN – the Danish Business Angel Network (DBAN) – and a comparison with a similar...... national angel network in Wales. Results show that applying traditional evaluation criteria for assessing BANs may provide only a partial picture. DBAN was squeezed between political pressures, impatience and lack of understanding of the broader benefits of an angel network. It was therefore left to die...

  3. Cultivation of Intercultural Business Communication Competence in Business English Teaching

    Institute of Scientific and Technical Information of China (English)

    李鹏

    2013-01-01

    Different countries communicate more and more frequently as the development of economic globalization. In business fields, culture becomes into the lever and lubricant influencing those business activities. Thus, cultivating talents with intercultural communication competence is the final purpose of business English teaching. This paper has analyzed the reasons for the lacking of cultivating of intercultural communication competence in business English teaching by using the theories like the relationship between culture and language and communication competence, and then it suggested some ways to cultivate such kind of competence. In these ways, it is hoped that will cultivate more talents with excellent quality of intercultural communication competence and suitable for this age of economic globalization.

  4. Deployment of e-health services - a business model engineering strategy.

    Science.gov (United States)

    Kijl, Björn; Nieuwenhuis, Lambert J M; Huis in 't Veld, Rianne M H A; Hermens, Hermie J; Vollenbroek-Hutten, Miriam M R

    2010-01-01

    We designed a business model for deploying a myofeedback-based teletreatment service. An iterative and combined qualitative and quantitative action design approach was used for developing the business model and the related value network. Insights from surveys, desk research, expert interviews, workshops and quantitative modelling were combined to produce the first business model and then to refine it in three design cycles. The business model engineering strategy provided important insights which led to an improved, more viable and feasible business model and related value network design. Based on this experience, we conclude that the process of early stage business model engineering reduces risk and produces substantial savings in costs and resources related to service deployment.

  5. TQM AND BUSINESS EXCELLENCE

    Directory of Open Access Journals (Sweden)

    ANDREEA IONICĂ

    2010-01-01

    Full Text Available Our paper discuss the „hot” topic of Business Excellence (BE aiming to highlight and clarify the connections with Total Quality Management (TQM. Thus, we describe the quality movement from inspection to statistical quality control and the „Japanese Age” of quality followed then by Total Quality Control (TQC and TQM developments that drived to the models of BE. After that, we present some perspectives of defining the excellence at national and international level and an overview of BE models with focus on the referential ones. Finally, we attempt to sketch the coordinates of the "journey" through TQM towards excellence in Romania.

  6. Business Standardization & Market Economy

    Institute of Scientific and Technical Information of China (English)

    Li Shiyuan

    2007-01-01

    The introduction of the market economy in China requires a renewed understanding of the theory and practice of business standardization. Built on the basic principles of standardization and the market economics, this paper seeks to define the role and status of standardization in the market economy, its aims and priorities. It then describes the deployment of standardization in market competition. Lastly, it explores into the possible transformations of concepts, functions and associated personnel of enterprise standardization in order to keep abreast of the evolving market economy.

  7. Business Intelligence overview

    Directory of Open Access Journals (Sweden)

    Dragos AGIU

    2014-12-01

    Full Text Available The need for information has always been present, but what defines the present time is the big amount of data available everywhere and the need to have all the answers we need in a very short time. Because of the agglomeration of markets and the dynamics of economic environment, the ability to collect data and turn it into useful information for decisional process may be the element which makes the difference. Thus, the term of "business intelligence" was first introduced by Gartner Group in the mid of 90's, but it still exists since the 70's, when the reporting systems were static, two dimensional, with no analytical skills.

  8. Analyzing business models

    DEFF Research Database (Denmark)

    Nielsen, Christian

    2014-01-01

    financial statement. Plumlee (2003) finds for instance that such information imposes significant costs on even expert users such as analysts and fund managers and reduces their use of it. Analysts’ ability to incorporate complex information in their analyses is a decreasing function of its complexity......, because the costs of processing and analyzing it exceed the benefits indicating bounded rationality. Hutton (2002) concludes that the analyst community’s inability to raise important questions on quality of management and the viability of its business model inevitably led to the Enron debacle. There seems...

  9. Doing Business under construction

    Institute of Scientific and Technical Information of China (English)

    Dominik; Wanner

    2015-01-01

    <正>In 2004 the World Bank published the first Doing Business Report(DBR).A few years later it was clear,that it became one of the few flagship knowledge product of this important institution.When Dr Jim Yong Kim become the 12th president of the World Bank on 1 July 2012 one of his first initiatives in October 2012was to work on an Independent Panel Review(IPR)to review DBR with regards to its methodology,data collection process,

  10. Practical business statistics

    CERN Document Server

    Siegel, Andrew

    2011-01-01

    Practical Business Statistics, Sixth Edition, is a conceptual, realistic, and matter-of-fact approach to managerial statistics that carefully maintains-but does not overemphasize-mathematical correctness. The book offers a deep understanding of how to learn from data and how to deal with uncertainty while promoting the use of practical computer applications. This teaches present and future managers how to use and understand statistics without an overdose of technical detail, enabling them to better understand the concepts at hand and to interpret results. The text uses excellent examples with

  11. Business, brokers and borders

    DEFF Research Database (Denmark)

    Walther, Olivier

    2015-01-01

    in two border regions between Niger, Nigeria, and Benin. In a business environment where transaction costs are extremely high, we find that decentralized networks are well adapted to the various uncertainties induced by long-distance trade. We also find that long-distance trade relies both on the trust...... and cooperation shared among local traders, and on the distant ties developed with foreign partners from a different origin, religion or culture. Studying the spatial structure of trade networks, we find that in those markets where trade is recent and where most of the traders are not native of the region...

  12. The Military's Business

    DEFF Research Database (Denmark)

    Rasmussen, Mikkel Vedby

    If the military were a business, would you buy shares? Over recent years, Western armed forces, particularly the US, have been costing more yet achieving less. At the same time, austerity measures are reducing defence budgets. This book uses defence data to examine the workings of modern Western...... South' or utilising new technologies to overcome the prohibitive costs of current systems. Analysing the philosophical, strategic and budgetary underpinnings of these alternatives, he concludes that a more radical break from current military organisational practices is needed which would allow them...

  13. Silence in Business Negotiation

    Institute of Scientific and Technical Information of China (English)

    杨娅琼; 杨敭

    2011-01-01

    @@ Ⅰ、Introduction Silence is the relative or total lack of audible sound.In our daily life, it is an indispensable part of communication, in reference to non verbal communication. When used in business negotiation, silence is the rhetorical practice of saying nothing when an opponent expects something to be said.Poorly executed, it can be very offensive, which would even bring a negotiation into a deadlock.However, well-timed silence can completely throw an opponent and give the negotiator the upper hand.

  14. Directed Innovation of Business Models

    Directory of Open Access Journals (Sweden)

    Stelian Brad

    2016-06-01

    Full Text Available Business model innovation is an important issue to keep business competitive and increase company’s profits. Due to many market attractors, identification of appropriate paths of business model evolution is a painful and risky process. To improve decision’s effectiveness in this process, an architectural construct of analysis and conceptualization for business model innovation that combines directed evolution and blue ocean concepts is proposed in this paper under the name of directed innovation. It displays the key points where innovations would happen to direct adaptation of the business model towards sustainable competitiveness. Formulation of mature solutions is supported by inventive problem solving tools. The significance of the directed innovation approach is demonstrated in a case study dealing with business model innovation of a software company.

  15. Openness during business model innovation

    DEFF Research Database (Denmark)

    Holm, Anna B.; Günzel, Franziska; Ulhøi, John Parm

    the recent developments in the Danish newspaper industry, especially how the Internet and related technology developments have disrupted the long-standing successful business model of the industry. Our findings suggest that a more nuanced understanding of the term ‘openness’ is needed since the opening...... of business models during technological dynamics may have far more diverse consequences than it has been reported in the literature so far and can even become a major threat to business viability.......Literature on business model innovation portraits an open business model as a modern and lucrative approach to conducting business, and even as a way to engage in open innovation activities. Using archival data and interviews with key employees of the two largest media groups from Denmark, we show...

  16. What Drives Business Model Adaptation?

    DEFF Research Database (Denmark)

    Saebi, Tina; Lien, Lasse B.; Foss, Nicolai Juul

    2016-01-01

    Business models change as managers not only innovate business models, but also engage in more mundane adaptation in response to external changes, such as changes in the level or composition of demand. However, little is known about what causes such business model adaptation. We employ threat......-rigidity as well as prospect theory to examine business model adaptation in response to external threats and opportunities. Additionally, drawing on the behavioural theory of the firm, we argue that the past strategic orientation of a firm creates path dependencies that influence the propensity of the firm...... to adapt its business model. We test our hypotheses on a sample of 1196 Norwegian companies, and find that firms are more likely to adapt their business model under conditions of perceived threats than opportunities, and that strategic orientation geared towards market development is more conducive...

  17. WHEN BUSINESS STRATEGY MEETS CREATIVITY

    Directory of Open Access Journals (Sweden)

    Sorin-George TOMA

    2013-12-01

    Full Text Available Purpose – Our paper aims to present in short the theoretical foundation of the concepts of business strategy and creativity, and to highlight the relationship between them. Design/methodology/approach – Using the literature review, the study examined the conceptual framework of the notions of strategy, business strategy, and creativity. Also, it analysed the relationship between business strategy and creativity. Findings – The results confirm previous studies related to the beneficial impact of creativity on the business strategy of a company. As creativity has become an important input for a successful business strategy, companies are making significant efforts in order to bring creativity into play. Practical implications/originality/value – Business strategy and creativity are two interconnected concepts not only in theory, but also in practice. Also, creativity represents a fundamental asset of a successful company in turbulent times.

  18. Rethinking Loyalty in Business Relationships

    DEFF Research Database (Denmark)

    Ritter, Thomas; Andersen, Henrik

    This conceptual paper develops an alternative understanding of the foundation of commitment and loyalty in business relationships. It is argued that commonly used facets of commitment and loyalty depend on past behavior or expectations but do not explain the foundation of such commitment and loya......This conceptual paper develops an alternative understanding of the foundation of commitment and loyalty in business relationships. It is argued that commonly used facets of commitment and loyalty depend on past behavior or expectations but do not explain the foundation of such commitment...... and loyalty. The paper develops a relevant constructs which explain the alignment and match between customers and suppliers. The foundation of commitment and loyalty should be seen as an aggregated match of three elements: business understanding, business resources, and business interaction. The new model...... for the foundation of loyalty contributes to an understanding of loyalty and customer behavior in business markets and challenges current loyalty measurement models....

  19. From Business Administration to Business Creation: The Case of the Kalevala Global Business Creation School

    Directory of Open Access Journals (Sweden)

    Marko Seppä

    2012-06-01

    Full Text Available Are there any businesses left to administer? The question is of course rhetorical and aimed at underscoring how several societies are more severely in need of creators of new businesses than managers of established ones. And yet, nearly all universities only produce masters of business administration, at best. Apart from theoretical research about business creation, and the education of masters of such research, universities are generally not equipped to produce knowledge for business creation or to produce masters of business creation. This conceptual article calls for a new, complementary approach to research and education, around the theme of global business creation. Due to the limitations and restrictions related to the traditions and practices of the science of business administration, where the means justify the ends, a new exploratory field coined as the “Art of Business Creation,” where the end justifies the means, is being explored for some inspiration. For a concrete solution, the concept of a globally distributed, enterprise-centric, entrepreneurial-faculty-driven, open-innovation-based, and social-media-empowered university entity is depicted in this article. It is a new-generation private-public-partnership and “Living Lab 2.0” referred to as Kalevala Global Business Creation School. The conceptualization draws from observations and action research during the Global Venture Lab Finland experiment at the University of Jyväskylä from 2007 to 2011.

  20. Enterprise architecture for business success

    CERN Document Server

    Wijegunaratne, Inji; Evans-Greenwood, Peter

    2014-01-01

    Enterprise Architecture (EA) has evolved to become a prominent presence in today's information systems and technology landscape. The EA discipline is rich in frameworks, methodologies, and the like. However, the question of 'value' for business ;professionals remains largely unanswered - that is, how best can Enterprise Architecture and Enterprise Architects deliver value to the enterprise? Enterprise Architecture for Business Success answers this question. Enterprise Architecture for Business Success is primarily intended for IT professionals working in the area of Enterprise Architectu