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Eric Tsui and Nikolina Dragicevic

Abstract

In much of the current discussions on business environments, a recurring theme both for academics and practitioners is that it is marked by inherent uncertainty (unknown unknowns). Hence, knowledge workers must have skills and understanding of the possible ways to navigate through and adapt to constant change. However, the tendency of prevailing approaches to curriculum development to focus on (static) learning outcomes, we argue, is not appropriate to train young people to adapt to the unpredictable working environment. Instead, more dynamic approaches to curriculum are required, which would instead focus on learning as a continuous relearning and emergent process of adaptation and stimulate students' inquiry and intellectual and creative skills. This paper approaches the issue by discussing the opportunities of using scenario thinking and development together with a personal learning environment and network (PLE&N) for co-creating a curriculum with students, teachers, and practitioners in higher education. In short, the methodology underpinning scenario development recognizes that uncertainty can be best dealt with and understood from the perspective of a range of possibilities and multiple futures through a facilitated, coherently structured process. PLE&N, on the other hand, serves as a learning space which stimulates self-regulated and network-based learning. The paper contends that curriculum informed by such a design methodology would lead to more frequent and appropriate updates as well as equip students with skills to work in a volatile, uncertain, complex, and ambiguous (VUCA) environment.

Open access

Stere Stamule

Abstract

This paper investigates Romanian consumer ethnocentrism and the Romanian consumers’ attitudes towards local products and towards campaigns promoting local products. The research was conducted through a questionnaire addressed to a sample containing two groups of respondents. The sample was organized also into two groups: Millennials (consumers aged between 15 and 34 years old) and Non-Millennials (35-over 65 years old). It was tested the hypothesis that Millennials are less ethnocentric compared to the Millennials. Another hypothesis of the research consists of the fact that the Millennials consumers’ attitudes towards local products and towards local campaigns promoting local products show lower scores in comparison with the consumers belonging to the other group. The obtained results of this research highlight the following: there are not significant differences between the two groups regarding the level of ethnocentrism and their attitudes towards consumption of local products and campaigns promoting local products, however Millennials show more interest to the products that offer the best value for money whether they are done or not in Romania in comparison with Non-Millennials. The Romanian consumers would also like that the state and the industry involve more in supporting the local products.

Open access

Augusty Tae Ferdinand and Wahyuningsih Wahyuningsih

Abstract

The purpose of this study is to develop a conceptual model for explaining the process of how salespeople’s innovativeness leverages sales performance by introducing the organizational learning-based factors such as sales team tacit knowledge exchange, value-based selling capability, and a positive selling ambiance initiative in the selling process to enhance sales performance. The novelty of this study is its construction of a conceptual model that adopts the organizational learning framework both in cultivating the organizational memory of salespeople working in a sales organization and in processing organizational memory for leveraging capabilities that lead to better sales performance. The acceptance of the proposed hypotheses demonstrated the importance of organizational learning-based factors in supporting the success of salespeople in the consumer product market.

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Open access

Anna Adamik, Michał Nowicki and Katarzyna Szymańska

Abstract

Openness is an expression of an enterprise’s ability to adapt to changing environment conditions and its ability to cooperate with different types of partners. A given company’s openness shows its readiness for the creation of dynamics of many business processes, including the creation of its competitive advantage. Due to the nature of today’s enterprises’ environment, mainly its “high velocity” & “complexity” attributes, openness of companies has to be multifaceted. Organization-customer relationships, called co-creation, are one of such facets. The capacity for effective co-creation gives a company the ability to gain a competitive advantage along with the chance for its permanent dynamization and sustainability. The main purpose of the paper is to present the framework and algorithm of co-creation as a method of reducing the complexity of the environment and dynamizing companies’ competitive advantages. A review of literature in the areas of open organization, open culture, partnership, co-creation, and competitive advantage provides a basis for understanding the process of co-creation. Collected data show that the activity of enterprises in this process is a key factor in the reduction of complexity of a company’s environment and an important stimulator of the dynamization of a company’s competitive advantage. The authors’ own CATI questionnaire survey research conducted in Poland showed the level of preparation Polish SMEs have to co-create.

Open access

Divya Shukla

Abstract

The college and university systems are more complex and required persistent approach towards adoption and transformation. Highly vulnerable environment portrays the need to visualize the regular and strategic issues with the larger perspectives as a whole and develop a model which is more focused towards sustainability and reformation. The current study has attempted to conceptualize systems thinking in action model which consists of four stages of action cycle; diagnosis and analysis, modeling, intervention and review and lessons learned. This is attempting to evaluate the systems thinking among the educational leaders in higher education in Thailand through the fuzzy multi-criteria decision-making method. The study has found that leaders are adopting systems thinking in the moderate level, however, the first three stages are found less in practice and more in perceived importance. The study found that there is higher need of calling for collaborative, cooperative and participation of stakeholders’ involvement. The study has further given managerial implications.

Open access

Constantin Bratianu

Abstract

The intellectual capital research and practice entered in the last years into a visible decline due to some barriers in understanding its intangible nature and designing Newtonian metrics for its measurement and reporting. Inertial thinking is very powerful in promoting new approaches for the need of a new perspective in working with intellectual capital. Unfortunately, even some top journals in the domain of intellectual capital remained trapped into this Newtonian logic and standard statistical analysis, as a result of the mind-set of their editorial staff and reviewers. The purpose of this paper is to present a critical analysis of the intellectual capital research and practice today and to reveal some of the most important barriers in understanding the complexity and nature of the intellectual capital. These barriers manifest like myths in approaching the research into intellectual capital, myths that create a false reality and false research questions, which enter into collision with the real life of companies and their business. The paper identifies seven myths which created a Newtonian version of the non-Newtonian reality, and a golden rule for further research into the intellectual capital of organizations. The conclusion of the present critical analysis is that we need a new approach to understand the complexity of the intellectual capital and new metrics to measure it.

Open access

Viera Kubičková, Monika Krošláková, Anna Michálková and Dana Benešová

Abstract

Young dynamic service enterprises – gazelles – represent the modern economy phenomenon, which stimulates the growth by its operation, in particular of local economy. This article identifies the position of gazelles in services and defines their characteristic features with regard to knowledge intensity of their production. Research results document the dominant representation of gazelles in services within the framework of their sectoral distribution and their growing economic effects in the Slovak Republic. Knowledge intensity of production is determinant of gazelle innovativeness in services, and the result is supported by knowledge of higher intensity perception of innovation effects in a knowledge-intensive production of services.

Open access

Octavian-Dragomir Jora, Matei-Alexandru Apăvăloaei and Mihaela Iacob

Abstract

The concept of cultural heritage covers the tangible and intangible things bequeathed from the past generations along with a spiritual signification, beyond any other serviceableness. Anthropologists, sociologists, philosophers and aesthetes are the critical reviewers of the field, while legalists and economists contribute with their own concerns: regulation and evaluation. Be it of tangible nature – i.e., buildings, sites, paintings, sculptures or various other artefacts – or of an intangible one – i.e., traditions, practices, beliefs, literary or musical compositions –, the cultural heritage has challenged the economists urging them to offer sophisticated tools to assess its value, to make cost-benefit analyses with respect to its preservation, restoration or reuse. The supporters of regulation in the cultural goods market justify it through the fact that the market cannot provide in an efficient manner this type of goods, the solution being national government intervention – i.e., for the regulation and finance of cultural/heritage goods – or even international government regulation, in cases when national states’ failure is encountered. A widespread opinion is that heritage is communal, par excellence, this view implicitly adjusting the acceptation that private property has in the cultural realm. The present paper addresses the reality and the necessity of ownership and movement of heritage goods especially in the international markets, considered as a dangerous vacuum for national cultural treasuries.

Open access

Mohammed Idris, Yousef Abu Siam and Mahmoud Nassar

Abstract

This research examines the moderating effect of family ownership over the relationship between board independence and earnings management. Using information of industrial companies indexed on Amman Stock Exchange, this research provides evidence of negative relationship between board independence and earnings management, proposing that higher percentage of board independence is related with more effective monitoring to reduce earnings management. Moreover, the results document that the relationship between board independence and earnings management becomes weak when there is an interaction with family ownership control. These outcomes indicate that an increase in the percentage of independent directors to mitigate earnings management is less likely to be influential in the case of family controlled firms. The results of this research could be valuable to regulators in their efforts to restrict the incidence of earnings management and improve the quality of monitoring mechanisms, especially in an environment where the capital market is still evolving and the legal protection and law enforcement are weak.