226,443 research outputs found

    REASONING DISPARITIES BETWEEN HK AND US MANAGERS

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    The purpose of this study was to examine and compare the factors that influence intuition as a decision-making tool for leaders/managers in Hong Kong and in the United States. This study examined the relationships among gender, management level, extent of management experience, country of operation, and the reported use of intuition in decision making. Existing empirical research in this field is sparse. In this research, attempt was made to contribute to empirical research on the viability and reported use of intuition as a decision-making skill of leaders. Agor’s Intuitive Measurement Survey (AIM) survey was adapted (with permission from copyright owner) from Weston Agor’s study to measure the relationship between a manager’s reported use of intuition in decision making and the manager’s management level, his level of management experience, the manager’s gender, and the manager’s country of operation. Each participant was electronically sent a link that led to a web page containing the survey questions. Once the respondent clicks submit, the questionnaire was mailed directly to the researcher. The research shows significant relationship between research variables. Administrative managers in Hong Kong’s reported use of intuition in decision making was significantly lower than US managers reported use of intuition in decision making. The paper concludes by examining the implications of these significant findings to global business management and management education.comparative management, management styles

    Understanding intuition : the case for two forms of intuition

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    Since the recent rejuvenation of intuition research within the management literature, significant work has been done on conceptualizing intuition. Whilst remarkable progress has been achieved concerning many aspects of intuition, the role of intuition in creativity remains comparatively under-researched. Through an extensive review of intuition literature, including but also going beyond the management field, we believe that a reason for this could be that intuition in the management literature is generally conceptualized as judgement. In this paper we aim to extend our understanding of intuition in creativity by introducing the concept of intuitive insight. Augmenting the literature and further strengthening the case this paper builds off two previous research projects. The first project focuses on presenting a comprehensive set of features of intuition based on the literature and the second builds a conceptual model of knowledge types. Further informing the research presented in this paper is Polanyi’s distinction of focal and subsidiary awareness. These four considerations lead us to propose that there are two kinds of intuition – intuitive judgement and intuitive insight

    Earnings Management to Avoid Losses: a cost of debt explanation

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    In this paper we analyze firms’ earnings management behavior to avoid losses conditional on the (asymmetric) incentive underlying market (positive/negative) returns. Our intuition is that firms with negative returns in the period (bad news, BN) face a higher incentive to undertake earnings management, and that their ultimate intention is to hide from credit markets a signal (loss) that could be translated into a negative impact on their cost of debt. The empirical evidence supports this intuition. BN firms show higher earnings management pervasiveness than their counterparts with good news (GN), and the set with simultaneous BN and prior period positive earnings undertake more pervasive earnings manipulation than BN firms in general. Within this restricted set of firms, and consistent with a cost of debt explanation, we find that firms with larger needs of debt show a higher incidence of earnings management to avoid losses. The overall empirical evidence challenges the implicit assumption in Burgstahler and Dichev (1997) that the incentive to manage earnings is homogeneous to all firms, and suggests that the discontinuities around zero in the earnings distributions are driven, at least partly, by firms’ earnings management behavior.earnings management, earnings thresholds, earnings discontinuities, cost of debt

    Управління інтуїцією: ресурс успішності лідерів бізнесу

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    The article is devoted research of intuition as a basic resource of success of leaders in business. The theoretical analysis of modern conceptions of business-intuition allowed to ground methodological and instrumental bases of exposure and development of intuition of subjects of business-activity. The program of the specialized psychological training is presented "Management of business-intuition"

    METRICS

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    Metrics are a sine qua non condition of an efficient management. Indeed, management cannot be based upon intuition: it has to be underpinned by figures.\ud \ud The choice of the indicators, their link to objectives and their strategic value, the weight to be assigned to them in terms of performance and cascading accountabilities imply considering:\ud \ud - outputs vs outcomes\ud - short term vs long term\ud - suboptimization vs global optimization\ud - lagging vs leaders indicators\ud \ud New metrics methods in management are doomed to give priority to effectiveness over efficiency.\ud \u

    Risk-based cash demand in a firm

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    Firms hold cash for a variety of different reasons. Generally, cash balances held in a firm can be called considered, precautionary, speculative, transactional and intentional. The first are the result of management anxieties. Managers fear the negative part of the risk and hold cash to hedge against it. Second, cash balances are held to use chances that are created by the positive part of the risk equation. Next, cash balances are the result of the operating needs of the firm. In this article, we analyze the relation between these types of cash balances and risk. This article also contains propositions for marking levels of precautionary cash balances and speculative cash balances. Current models for determining cash management, assign no minimal cash level, or their minimal cash level is based on the manager's intuition. Presented in this article model avoid intuition and is based on calculation. Application of this proposition should help managers to make better decisions to maximize the value of a firm.Demand for Cash; Cash balances; Risk; Uncertainty; Real Options; Option Value of Money; Short-Term Financial Management; Working Capital Management

    A case study of intuition and design: Building a tool for parents of premature babies and the nursing staff who care for them

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    The paper presents a research-based study project conveyed by Media Lab Helsinki in 2007–2008. During the process, the design team constructed a unique audiovisual tool that provides emotional support in coping with the challenges of a premature birth. The purpose of the two-hour DVD, with its three separate parts, is to help family, intensive care staff, and other associated health care personnel to better connect with each other and the tiny babies. As the first audiovisual material, which aims to explain premature babies’ communication and interaction, the end product has proven to be of significant value to Finnish neonatal care and other associated fields. The project was realized in cooperation with the Neonatal Intensive Care Unit in Children’s Hospital, HUCH (Helsinki University Central Hospital), and the design team worked in a network of shared expertise. In the case study the authors used co-design and self-reflection methods to monitor graduate students working with a society-level challenge. The focus was upon the utilisation of intuition in innovations, problem solving, and project management. During the design process, the authors observed the working theory: intuition is the basis of successful decision-making, which leads to innovative solutions. Throughout the design process, the team collected systematically feedback, which was later utilised as a corner stone in the case study. The authors believe that relying on intuition, the design team ended up addressing many hidden issues of the clinic and parenthood of premature babies’. This paper tries to unfold the evolutionary working approach used during the design process, presents highlights of the case study research as well as illuminates the intuitive way of working from designers’ point of view. Keywords: Design; Intuition; Case Study; Shared Expertise; Innovations; Digital Media; Evolutionary Process</p
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