Japan Banking Inc.: Problems, Solutions, And Implementation: An Economic And Cultural Perspective

The focus of this paper is to obtain a realistic estimate of real Japanese Bank Losses. The insights gained will include: Factors contributing to bad loans, method of disposal of bad loans, future prescriptions regarding the Early Warning System/Diversion Process will be put forth and conclusions for future economic methods to monitor guide turnaround

Strategies For Mass Customization

Mass customization allows firms to produce only things their customers want (or produce after they have orders in hand). This approach, make-to-order, brings many benefits to firms in terms of cost and profit because of lower inventory levels, maximum sales, elimination of material waste, flexible production and, most of all, customer satisfaction. However, mass customization may not be the panacea for all organizations. While some companies are very successful with mass customization, others are not.  This paper illustrates that mass customization strategies depend on an understanding of the conditions in each industry

Strategies For Mass Customization

Mass customization allows firms to produce only things their customers want (or produce after they have orders in hand). This approach, make-to-order, brings many benefits to firms in terms of cost and profit because of lower inventory levels, maximum sales, elimination of material waste, flexible production and, most of all, customer satisfaction. However, mass customization may not be the panacea for all organizations. While some companies are very successful with mass customization, others are not.  This paper illustrates that mass customization strategies depend on an understanding of the conditions in each industry

Corporate Ethics: China vs. USA

Fairness is one of the basic aspects of business exchange.  Ethics are principles used to establish fairness.  This study will look at background and origins for different American and Chinese ethical beliefs.  It is important for U.S. and Chinese firms to understand each other’s cultural perspectives, especially as the Chinese market opens up.  Methods to resolve ethical conflict will be reviewed.  Business agents from both cultures can relate and deal with each other if they have the knowledge, skills, and patience to do so.  This study builds on prior research that suggests that younger Chinese are more concerned with profit than with abiding by regulations or adhering to corporate ethics.  The major argument of this study is that future Chinese business leaders, born after China’s one-child policy was implemented in 1979, will be primarily concerned with self-interest and making decisions that will benefit them individually.  Guanxi (interpersonal connections or human relationships), corporate ethics and social responsibility (CESR) beliefs will be reduced in importance and influence.  American managers should incorporate this information when formulating a “China strategy”

Determination Of The Performance Measure Of Executive Compensation

This paper investigates the principal-agent model of executive compensation through an empirical study of the interaction between CEO compensation and firm performance. As a multi level regression analysis that specifically shows the weight of the variance of the main independent variable, above and over the other independent variables, the stepwise multiple regression is employed to induce a statistical model of the pay-performance sensitivity. The stepwise multiple regression offers insights into the different weight assigned to the performance measure. In this respect, variances of the variables related to the change in the market value of firms are specifically weighted against each other in order to determine specific characteristics of the pay-performance relationship. The analysis is consistent with the agency theory that firm’ executives take advantage of the lack of control by firms’ owners to pursuit their personal interests. As the United States’ economy tumbles, the change in CEO total compensation does not seem to follow the accounting criteria of performance measures typically specified in management compensation contracts. The study reveals a lack of relationship between CEO compensation and firm performance. The link running from the change in the market value of firms and the change in CEO total compensation is flawed. The incentives faced by shareholders to discipline executives would be able to increase the performance of firms. It would be absurd for the compensation committee to rely on the single firms’ total assets value as the performance measure of CEO compensation. Other performance vehicles, such as returns, earnings, and cash flows should be considered in the determination of executive compensation

Cost-effectiveness of replacing versus discarding the nail in children with nail bed injury

Every year in the UK, around 10 000 children need to have operations to mend injuries to the bed of their fingernails. Currently, most children have their fingernail placed back on the injured nail bed after the operation. The NINJA trial found that children were slightly less likely to have an infection if the nail was thrown away rather than being put back, but the difference between groups was small and could have be due to chance. This study looked at whether replacing the nail is cost-effective compared with throwing it away. Using data from the NINJA trial, we compared costs, healthcare use, and quality of life and assessed the cost-effectiveness of replacing the nail. It was found that throwing the nail away after surgery would save the National Health Service (NHS) £75 (€85) per operation compared with placing the nail back on the nail bed. Changing clinical practice could save the NHS in England £720 000 (€819 000) per year

Effectiveness of nail bed repair in children with or without replacing the fingernail : NINJA multicentre randomized clinical trial

Background Surgery for nail bed injuries in children is common. One of the key surgical decisions is whether to replace the nail plate following nail bed repair. The aim of this RCT was to assess the clinical effectiveness and cost-effectiveness of nail bed repair with fingernail replacement/substitution compared with repair without fingernail replacement. Methods A two-arm 1 : 1 parallel-group open multicentre superiority RCT was performed across 20 secondary-care hospitals in the UK. The co-primary outcomes were surgical-site infection at around 7 days after surgery and cosmetic appearance summary score at a minimum of 4 months. Results Some 451 children presenting with a suspected nail bed injury were recruited between July 2018 and July 2019; 224 were allocated to the nail-discarded arm, and 227 to the nail-replaced arm. There was no difference in the number of surgical-site infections at around 7 days between the two interventions or in cosmetic appearance. The mean total healthcare cost over the 4 months after surgery was €84 (95 per cent c.i. 34 to 140) lower for the nail-discarded arm than the nail-replaced arm (P < 0.001). Conclusion After nail bed repair, discarding the fingernail was associated with similar rates of infection and cosmesis ratings as replacement of the finger nail, but was cost saving