53,237 research outputs found
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Knowledge dependencies in fuzzy information systems evaluation
Experience and research within the field of Information Systems Evaluation (ISE), has traditionally centered on providing tools and techniques for investment justification and appraisal, based upon explicit knowledge which encodes financial and other direct situational factors (such as accounting, costing and risk metrics). However, such approaches tend not to include additional causal interdependencies that are based upon tacit knowledge and are inherent within such a decision-making task. The authors show the results of applying a cognitive mapping approach, in the guise of a Fuzzy Cognitive Mapping (FCM) simulation, i.e. Fuzzy Information Systems Evaluation (F-ISE), in order to highlight the usefulness of applying such a technique. The authors highlight those contingent and necessary knowledge dependencies, in an exploratory sense, which relate to the investment appraisal decision-making task, in terms of the interplay between tacit and explicit knowledge, in this regard
Small worlds and board interlocking in Brazil: a longitudinal study of corporate networks, 1997-2007
Social Network Analysis (SNA) is an emerging research field in finance, above all in Brazil. This work is pioneering in that it is supported by reference to different areas of knowledge: social network analysis and corporate governance, for dealing with a similarly emerging topic in finance; interlocking boards, the purpose being to check the validity of the small-world model in the Brazilian capital market, and the existence of associations between the positioning of the firm in the network of corporate relationships and its worth. To do so official data relating to more than 400 companies listed in Brazil between 1997 and 2007 were used. The main results obtained suggest that the configuration of the networks of relationships between board members and companies reflects the small-world model. Furthermore, there seems to be a significant relationship between the firmâs centrality and its worth, described according to an âinverted Uâ curve, which suggests the existence of optimum values of social prominence in the corporate network.Board Interlocking; Social Network Analysis in Finance; Company Boards
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Applying concepts of fuzzy cognitive mapping to model IT/IS investment evaluation factors
The justification process is a major concern for many organisations that are considering the adoption of Information Technology (IT) and Information Systems (IS), and is a barrier to its implementation. As a result, the competitive advantage of many companies is being put at risk because of management's inability to evaluate the holistic implication of adopting new technology, both in terms of on the benefit and cost portfolios. This paper identifies a number of well-known project appraisal techniques used in IT/IS investment justification. Furthermore, the concept of multivalent, or fuzzy logic, is used to demonstrate how inter-relationships can be modeled between key dimensions identified in the proposed conceptual evaluation model. This is highlighted using fuzzy cognitive mapping (FCM) as a technique to model each IT/IS evaluation factor (integrating strategic, tactical, operational and investment considerations). The use of an FCM is then shown to be as a complementary tool which can serve to highlight interdependencies between contributory justification factors
Mapping knowledge management and organizational learning in support of organizational memory
The normative literature within the field of Knowledge Management has concentrated on techniques and methodologies for allowing knowledge to be codified and made available to individuals and groups within organizations. The literature on Organizational Learning however, has tended to focus on aspects of knowledge that are pertinent at the macro-organizational level (i.e. the overall business). The authors attempt in this paper to address a relative void in the literature, aiming to demonstrate the inter-locking factors within an enterprise information system that relate knowledge management and organizational learning, via a model that highlights key factors within such an inter-relationship. This is achieved by extrapolating data from a manufacturing organization using a case study, with these data then modeled using a cognitive mapping technique (Fuzzy Cognitive Mapping, FCM). The empirical enquiry explores an interpretivist view of knowledge, within an Information Systems Evaluation (ISE) process, through the associated classification of structural, interpretive and evaluative knowledge. This is achieved by visualizng inter-relationships within the ISE decision-making approach in the case organization. A number of decision paths within the cognitive map are then identified such that a greater understanding of ISE can be sought. The authors therefore present a model that defines a relationship between Knowledge Management (KM) and Organisational Learning (OL), and highlights factors that can lead a firm to develop itself towards a learning organization
Organizational energy: A behavioral analysis of human and organizational factors in manufacturing
This paper seeks to explore the behavior and embodied energy involved in the decision-making of information technology/information systems (IT/IS) investments using a case within a small- to medium-sized manufacturing firm. By analyzing decision making within a given case context, this paper describes the nature of the investment through the lens of behavioral economics, causality, input-output (IO) equilibrium, and the general notion of depletion of executive energy function. To explore the interplay between these elements, the authors structure the case context via a morphological field in order to construct a fuzzy cognitive map of decision-making relationships relating to the multidimensional and nonquantifiable problems of IT/IS investment evaluation. Noting the significance of inputs and outputs relating to the investment decision within the case, the authors assess these cognitive interrelationships through the lens of the Leontief IO energy equilibrium model. Subsequently, the authors suggest, through an embodied energy audit, that all such management decisions are susceptible to decision fatigue (so-called 'ego depletion'). The findings of this paper highlight pertinent cognitive and IO paths of the investment decision-making process that will allow others making similar types of investments to learn from and draw parallels from such processes
From Ideas to Practice, Pilots to Strategy: Practical Solutions and Actionable Insights on How to Do Impact Investing
This report is the second publication in the World Economic Forum's Mainstreaming Impact Investing Initiative. The report takes a deeper look at why and how asset owners began to include impact investing in their portfolios and continue to do so today, and how they overcame operational and cultural constraints affecting capital flow. Given that impact investing expertise is spread among dozens if not hundreds of practitioners and academics, the report is a curation of some -- but certainly not all -- of those leading voices. The 15 articles are meant to provide investors, intermediaries and policy-makers with actionable insights on how to incorporate impact investing into their work.The report's goals are to show how mainstream investors and intermediaries have overcome the challenges in the impact investment sector, and to democratize the insights and expertise for anyone and everyone interested in the field. Divided into four main sections, the report contains lessons learned from practitioner's experience, and showcases best practices, organizational structures and innovative instruments that asset owners, asset managers, financial institutions and impact investors have successfully implemented
Knowledge management practices and the enhancement of customer capital: the importance of time
Actualmente, los responsables de las pequeñas y medianas empresas (PYMES) debido al hecho de tener
que vigilar continuamente sus empresas a la bĂșsqueda de mejoras en las relaciones con sus clientes y
trabajadores, estån otorgando un papel cada vez mås estratégico a las pråcticas de gestión del
conocimiento. No obstante, hay situaciones donde las organizaciones y sus miembros se enfrentan a
entornos cada vez mĂĄs inciertos, por lo que es necesario reconsiderar las prĂĄcticas de gestiĂłn del
conocimiento que se han venido desarrollando en la empresa desde sus inicios. Estas prĂĄcticas, en forma
de procesos y rutinas, pueden basarse tanto en conocimiento tĂĄcito como explĂcito y tambiĂ©n necesitan ser
continuamente reconsideradas de cara a la captaciĂłn de nuevo conocimiento. En tales circunstancias, serĂa
necesario modificar e incluso eliminar parte del conocimiento existente al objeto de asegurarnos de que
los empleados tienen acceso a conocimientos lo suficientemente actualizados como para que mantengan o
garanticen las relaciones que las PYMEs tienen con sus clientes. Nuestro trabajo examina el impacto que
un contexto de âmentalidad abiertaâ (openminded) en la organizaciĂłn existente en un momento dado (T)
tiene sobre las actuaciones que intentan reconsiderar los conocimientos organizativos en un momento
posterior (T+1). Analizamos ademĂĄs la relaciones entre los procesos de aprendizaje/conocimiento
explorativo y aplicado sobre el capital relacional. Se utiliza para ello evidencias empĂricas procedentes de
107 PYMES del sector de las telecomunicaciones en España, utilizando la técnica PLS.Actualmente, los responsables de las pequeñas y medianas empresas (PYMES) debido al hecho de tener
que vigilar continuamente sus empresas a la bĂșsqueda de mejoras en las relaciones con sus clientes y
trabajadores, estån otorgando un papel cada vez mås estratégico a las pråcticas de gestión del
conocimiento. No obstante, hay situaciones donde las organizaciones y sus miembros se enfrentan a
entornos cada vez mĂĄs inciertos, por lo que es necesario reconsiderar las prĂĄcticas de gestiĂłn del
conocimiento que se han venido desarrollando en la empresa desde sus inicios. Estas prĂĄcticas, en forma
de procesos y rutinas, pueden basarse tanto en conocimiento tĂĄcito como explĂcito y tambiĂ©n necesitan ser
continuamente reconsideradas de cara a la captaciĂłn de nuevo conocimiento. En tales circunstancias, serĂa
necesario modificar e incluso eliminar parte del conocimiento existente al objeto de asegurarnos de que
los empleados tienen acceso a conocimientos lo suficientemente actualizados como para que mantengan o
garanticen las relaciones que las PYMEs tienen con sus clientes. Nuestro trabajo examina el impacto que
un contexto de âmentalidad abiertaâ (openminded) en la organizaciĂłn existente en un momento dado (T)
tiene sobre las actuaciones que intentan reconsiderar los conocimientos organizativos en un momento
posterior (T+1). Analizamos ademĂĄs la relaciones entre los procesos de aprendizaje/conocimiento
explorativo y aplicado sobre el capital relacional. Se utiliza para ello evidencias empĂricas procedentes de
107 PYMES del sector de las telecomunicaciones en España, utilizando la técnica PLS
Domestic Impact of Internationalisation: The case of JM
The influence of internationalisation processes in the domestic activities of firmsâ has not been considered as an important issue in existing models, because they tend to focus on a partial and restricted view of the firm. The purpose of this paper is to challenge that view by attempting a dynamic view of the firm is which primal importance is given to the relationship between international and domestic activities. The main research question is whether domestic activities can be significantly affected by international activities, namely knowledge transfer. Results confirm the dynamic approach adopted by firms however there are no definitive answers in terms of the domestic impact of internationalisation. Despite clear hints of evidence for the internationaldomestic relationship, there was no confirmation of this relationship at the financial level.
Knowledge transfer in a tourism destination: the effects of a network structure
Tourism destinations have a necessity to innovate to remain competitive in an
increasingly global environment. A pre-requisite for innovation is the
understanding of how destinations source, share and use knowledge. This
conceptual paper examines the nature of networks and how their analysis can
shed light upon the processes of knowledge sharing in destinations as they
strive to innovate. The paper conceptualizes destinations as networks of
connected organizations, both public and private, each of which can be
considered as a destination stakeholder. In network theory they represent the
nodes within the system. The paper shows how epidemic diffusion models can act
as an analogy for knowledge communication and transfer within a destination
network. These models can be combined with other approaches to network analysis
to shed light on how destination networks operate, and how they can be
optimized with policy intervention to deliver innovative and competitive
destinations. The paper closes with a practical tourism example taken from the
Italian destination of Elba. Using numerical simulations the case demonstrates
how the Elba network can be optimized. Overall this paper demonstrates the
considerable utility of network analysis for tourism in delivering destination
competitiveness.Comment: 15 pages, 2 figures, 2 tables. Forthcoming in: The Service Industries
Journal, vol. 30, n. 8, 2010. Special Issue on: Advances in service network
analysis v2: addeded and corrected reference
Corporations and the financing of innovation: The corporate venturing experience
During the past forty years, the media and academics have frequently maligned corporate investments in venture capital and highlighted visible failures. Many corporations' best ideas have languished, whether because of internal resistance or an inability to execute on the initial insight. In other cases, more nimble companies, often venture-backed start-ups, have turned corporations' innovative ideas into commercial successes. So how can companies best stimulate innovation in a corporate setting and replicate the success of the venture capital industry? ; This article explores the history, structure, and performance of corporate venture programs in the United States over the past forty years. The study shows that the U.S. corporate venture capital market has gone through three waves of activity that track the overall independent venture capital market. ; The author's analysis, using detailed microlevel data, finds that corporate venture investments are increasingly made in related industries. In addition, contrary to previous assumptions, corporate venture capital investments have, on average, been more successful than independent venture capital investments. This success is exclusively associated with strategic corporate venture investments. This study concludes that corporations appear to be learning many of the best practices from the independent venture capital sector.Venture capital ; Productivity ; Technology ; Economic development
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