Of the significance of business relationships

The Industrial Network Theory aims to describe and explain the business relationships and networks in which the focal firm is deeply embedded. One of its major propositions is that business relationships somehow influence, to different extents and over time, the focal firm’s survival. This pertains to the diverse and time-varying significance of business relationships for the focal firm. It has often been implicitly sustained that such significance is strongly related to the role played by business relationships and consequently the relationship outcomes accruing to the focal firm. The logic underlying the relationship significance proposition is outwardly oriented, somewhat overlooking the focal firm’s inside and in particular the conspicuous influence of business relationships on what the focal firm does competently both within and across its vertical boundaries. Arguably, the (predominantly ‘functional’) network-based arguments currently advanced represent a necessary but not sufficient condition for relationship significance. This conceptual paper tentatively suggests that there may be missing a supplementary (essentially internal) explanation supported by Competence-based Theories of the Firm.Industrial Network Theory; relationship significance proposition

How is the relationship significance brought about? A critical realist approach

The markets-as-networks theorists contend, at least tacitly, the significance of business relationships for the focal firm – that is, business relationships contribute somewhat to the focal firm’s survival and growth. We do not deny the existence of significant business relationships but sustain, in contrast to the consensus within the Markets-as-Networks Theory, that relationship significance should not be a self-evident assumption. Significance cannot be a taken-for-granted property of each and every one of the focal firm’s business relationships. We adopt explicitly a critical realist position in this conceptual paper and claim that the relationship significance is an event of the business world, whose causes remain yet largely unidentified. Where the powers and liabilities of business relationships (i.e., their functions and dysfunctions) are put to work, inevitably under certain contingencies (namely the surrounding networks and markets), effects result for the focal firm (often benefits in excess of sacrifices, i.e., relationship value) and as a result the relationship significance is likely to be brought about. In addition, the relationship significance can result from the dual influence that business relationships have on a great part of the structure and powers and liabilities of the focal firm, i.e., its nature and scope respectively.Markets-as-Networks Theory, relationship significance, business relationships, focal firm, resources, competences, activities

Relationship significance: is it sufficiently explained?

The Industrial Networks Theory (cf. Axelsson and Easton, 1992, Hakansson and Snehota, 1995) sets out to describe and explain the business relationships and markets in which the focal firm is deeply embedded. One of its major propositions pertains to the (time-varying) significance of business relationships for the focal firm (Gadde et al., 2003), i.e., business relationships influence to some extent the focal firm’s survival. Such significance seems strongly related to the role played by business relationships and consequently the relationship outcomes accruing to the focal firm. The theoretical justification underlying this proposition is outwardly oriented, somewhat overlooking the inside of the focal firm - in particular the influence of business relationships on what the focal firm does competently within and across its boundaries. Arguably, the creation and appropriation of relationship value by the focal firm is a necessary but not sufficient condition for relationship significance. A supplementary (internal) explanation supported by Knowledge-based Theories of the Firm (e.g., see Kogut and Zander, 1992), we suggest, may be missing. Our aim here has been to intuitively pinpoint a theoretical flaw, further suggesting a feasible path for its solution.Industrial Networks Theory; relationship significance proposition; relationship functions, dysfunctions, benefits, sacrifices, and value

Anatomy of relationship significance: a critical realist exploration

Markets-as-networks (MAN) theorists contend, at least tacitly, the significance of business relationships to the firm – that is, business relationships contribute somewhat to corporate survival or growth. One does not deny the existence of significant business relationships but sustain, in contrast to the consensus within the MAN theory, that relationship significance should not be a self-evident assumption. For significance cannot be a taken-for-granted property of each and every one of the firm’s business relationships. The authors adopt explicitly a critical realist metatheoretical position in this conceptual paper and claim that relationship significance is an event of the business world, whose causes remain yet largely unidentified. Where the powers and liabilities of business relationships (i.e., relationship functions and dysfunctions) are put to work, inevitably under certain contingencies (namely the surrounding networks and markets), relationship effects ensue for the firm (often benefits in excess of sacrifices, i.e., relationship value) and as a consequence relationship significance is likely to be brought about. In addition, relationship significance can result from the dual impact that business relationships may have on the structure and powers and liabilities of the firm, that is, on corporate nature and scope, respectively

"Powered by whom?" : A network perspective on replication as strategy

This study examines the configuration of resources and activities among firms as a strategy to improve their position in a network through the replication of a template. The conceptual background combines the network approach to strategizing with the capability approach to replication. Using a longitudinal study of a large wholesaler, this study demonstrates that change in a network position can result from two interwoven processes: the development and replication of a template in some sections of the network, and a rearrangement of the web of relationships among counterpartsinfo:eu-repo/semantics/publishedVersio

Corporate governance : value creation and performance in credit unions

In this study, we examine the relationship between good corporate governance practices and the creation of value/performance of credit unions from 2010 to 2012. The objective was to create and validate a corporate governance index for credit unions, and to then analyse the relationship between good governance practices and the creation of value/performance. The problem question is: do good corporate governance practices provide value creation for credit unions? The research started by creating indices from factor analysis to identify latent dependent variables related to value creation and performance; next indices were created from the principal component analysis for the creation of independent latent variables related to corporate governance. Finally, based on panel data from regression models, the influence of the variables and indices related to corporate governance on the indices of value creation and performance was verified. Based on the research, it became evident that the Corporate Governance Index (IGC) is mainly impacted by Executive Management, with 40.31% of the IGC value, followed by the Representation and Participation dimension, with 34.07% of the IGC value. The contribution for academics was the creation of the Corporate Governance Index (IGC) applied for credit unions. As for the contribution to the system of credit unions, the highlight was the effectiveness of the mechanisms for economic-financial and asset management adopted by BACEN, credit unions and OCEMG.Nesta pesquisa, procurou-se analisar a relação entre as boas práticas de governança corporativa e a relação com a criação de valor/desempenho, das cooperativas de crédito ao longo do período de 2010 e 2012. O objetivo da pesquisa foi criar e validar um índice de governança corporativa para as cooperativas de crédito para então analisar a relação entre boas práticas de governança e a criação de valor/desempenho, tendo como questão problema: as boas práticas de governança corporativa proporcionam criação de valor para as cooperativas de crédito? Assim, iniciou-se a pesquisa por meio da criação de índices a partir da análise fatorial para a identificação de variáveis latentes dependentes relacionadas à criação de valor e desempenho; em seguida, a criação de índices a partir da análise de componentes principais para a criação de variáveis latentes independentes relacionadas à governança corporativa. Finalmente, verificou-se, a partir de modelos de regressão com dados em painel, a influência das variáveis e índices relacionados à governança corporativa com os índices de criação de valor e desempenho. Com base na pesquisa, ficou evidenciado que o Índice de Governança Corporativa (IGC) é impactado principalmente pela Gestão Executiva, representando 40,31% da importância do IGC, seguido da dimensão Representação e Participação com 34,07% da importância do IGC. A contribuição do trabalho para a academia foi a criação de Índice de Governança Corporativa (IGC) aplicável às cooperativas de crédito. Quanto à contribuição para o sistema de cooperativas de crédito, assinala-se a constatação de efetividade dos mecanismos de gestão econômico-financeira e patrimonial adotados pelo BACEN, Centrais de Cooperativas de Crédito e a OCEMG

Effects of different arachidonic acid supplementation on psychomotor development in very preterm infants; A randomized controlled trial

Background & aims: Nutritional supplementation with polyunsaturated fatty acids is important in preterm infants neurodevelopment, but it is not known if the omega-6/omega-3 ratio affects this process. This study was designed to determine the effects of a balanced contribution of arachidonic acid in very preterm newborns fed with formula milk. Methods: This was a randomized trial, in which newborns <1500 g and/or <32 weeks gestational age were assigned to one of two groups, based on the milk formula they would receive during the first year of life. Initially, 60 newborns entered the study, but ultimately, group A was composed of 24 newborns, who were given formula milk with an ω-6/ ω-3 ratio of 2/1, and Group B was composed of 21 newborns, given formula milk with an ω-6/ω-3 ratio of 1/1. The infants were followed up for two years: growth, visual-evoked potentials, brainstem auditory-evoked potentials, and plasma fatty acids were periodically measured, and psychomotor development was assessed using the Brunet Lézine scale at 24 months corrected age. A control group, for comparison of Brunet Lézine score, was made up of 25 newborns from the SEN1500 project, who were fed exclusively with breast milk. Results: At 12 months, arachidonic acid values were significantly higher in group A than in group B (6.95 ± 1.55 % vs. 4.55 ± 0.78 %), as were polyunsaturated fatty acids (41.02 ± 2.09 % vs. 38.08 ± 2.32 %) achieved a higher average. Group A achieved a higher average Brunet Lézine score at 24 months than group B (99.9 ± 9 vs. 90.8 ± 11, p =0.028). The Brunet Lézine results from group A were compared with the control group results, with very similar scores registered between the two groups (99.9 ± 9 vs. 100.5 ± 7). There were no significant differences in growth or evoked potentials between the two formula groups. Conclusions: Very preterm infants who received formula with an ω-6/ω-3 ratio of 2/1 had higher blood levels of essential fatty acids during the first year of life, and better psychomotor development, compared with very preterm newborns who consumed formula with an ω-6/ω-3 of 1/1. Therefore, formula milk with an arachidonic acid quantity double that of docosahexaenoic acid should be considered for feeding very preterm infants

Skin picking treatment with the Rothbaum cognitive behavioral therapy protocol : a randomized clinical trial

Introduction: Although behavioral therapies can effectively treat skin picking disorder (SPD), there is no standardized treatment for improving SPD and its comorbidities and there is no group intervention option. This trial aimed to adapt the Rothbaum trichotillomania protocol to SPD (Study 1) and test its efficacy for treating SPD and comorbidities in individual and group formats (Study 2). Methods: The adapted protocol was applied to 16 SPD patients, who were allocated to group or individual treatment (Study 1). Afterwards, 54 patients were randomly allocated to treatment in an individual (n=27) or group format (n=27) (Study 2). In both studies, assessments of SPD severity, anxiety, depression, clinical status and skin lesion severity were performed at baseline and the endpoint. Results: The adapted protocol was feasible in both treatment modalities (Study 1) and led to high SPD remission rates (individual 63%; group 52%), with no significant difference between intervention types (p = 0.4) (Study 2). SPD, anxiety, and depression symptoms and objective patient lesion measures improved after treatment. There was large effect size for SPD symptom improvement in both treatment types (Cohen’s d: group = 0.88; individual = 1.15) (Study 2). Conclusion: The adapted Rothbaum protocol was effective for SPD remission, comorbidities, and skin lesions, both in individual and group formats

Microbiological quality and physicochemical characterization of Brazilian bee pollen

Bee Research Association. Sixty-two commercial samples of dehydrated bee pollen (Apis mellifera bees) collected in Brazil (eight states and the Federal District) were analyzed for commercial quality (moisture, ash, lipids, proteins, and carbohydrates), and hygiene (aerobic mesophiles, yeasts and molds, coliforms, Escherichia coli, Staphylococcus aureus and sulfite-reducing Clostridium). The analyzed samples were within the regulatory limits established by the legislation for ash, lipid and protein, except for moisture content. The analyzed hygiene parameters evaluated for bee pollen are not regulated by the Brazilian legislation, and the data discussed can contribute to regulatory agencies. Only moderate and weak correlations were observed between dehydrated pollen samples and the parameters evaluated.This work was supported by the Sa˜o Paulo Research Foundation (FAPESP) [grant number 2009/52163–5]; Coordination for the Improvement of Higher Education Personnel (CAPES).info:eu-repo/semantics/publishedVersio

Brazilian bee pollen: phenolic content, antioxidant properties and antimicrobial activity

Bee pollen has been promoted as a dietary supplement for humans due to its nutritional and bioactive properties. Sixty-two samples of Apis mellifera dehydrated bee pollen collected in Brazil (eight states and Federal District) were analyzed for phenolic compounds, flavonoids, antioxidant activity using DPPH, β-carotene and ORAC methods, and antimicrobial activity. The values obtained for total phenolic compounds ranged from 12.60 to 84.22 mg GAE/g bee pollen while total flavonoids oscillated between 1.90 and 36.85 mg quercetin/g bee pollen. The IC50 ranged from 0.35 to 13.42 mg bee pollen/mL of extract. The inhibition percentages ranged from 52.58 to 98.37% of bee pollen extract using the β-carotene method. When measured by the ORAC method, antioxidant activity was between 132.98 and 575.85 μmols eq. Trolox/g bee pollen. Bee pollen efficiently inhibited the growth of all the microorganisms studied. Candida albicans was the most resistant, while Staphylococcus epidermides was the most sensitive.This work was supported by the São Paulo Research Foundation (FAPESP); under Grant #2009/52163-5 (thesis doctoral project) the Coordination for the Improvement of Higher Education Personnel (CAPES); and the National Council for Scientific and Technological Development (CNPq).info:eu-repo/semantics/publishedVersio