9 research outputs found

    National Review of School Music Education: Augmenting the Diminished

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    International and national research shows that music education uniquely contributes to the emotional, physical, social and cognitive growth of all students. Music in schools contributes to both instrumental and aesthetic learning outcomes; transmission of cultural heritage and values; and, students’ creativity, identity and capacity for self-expression and satisfaction. While there are examples of excellent music education in schools, many Australian students miss out on effective music education because of the lack of equity of access; lack of quality of provision; and, the poor status of music in many schools. Music education in Australian schools is at a critical point where prompt action is needed to right the inequalities in school music. There is a need for immediate priority on improving and sustaining the quality and status of music education. Action is needed to: • Improve the equity of access, participation and engagement in school music for all students; • Improve teacher pre-service and in-service education; • Improve curriculum support services (advisory, instrumental music, vocal music and music technology; • Support productive partnerships and networking with music organisations, musicians, the music industry and the Australian community; • Improve music education in schools through supportive principals and school leadership, adequately educated specialist teachers, increased time in the timetable, adequate facilities and equipment; Improve levels of accountability; and • Improve the overall status of music in schools.   About the report In March 2004, the Australian Government announced a National Review of School Music Education.  A team led by Murdoch University undertook the Review on behalf of the Australian Government to identify: The current quality of teaching and learning of music in Australian schools; Factors that affect the quality and status of teaching of music in Australian schools; Examples of best practice of teaching and learning of music both in Australian schools and schools overseas; and Key recommendations, principles and priorities for enhancing school music education. This study included a literature review, call for submissions, site visits, national survey and curriculum mapping to determine the current quality and status of music education in Australian schools.  It provides an examination of the challenges facing schools in providing music education and highlights opportunities for strengthening music education in schools

    Dancing with a giant: The effect of Wal-Mart's entry into the U.K. on the performance of European retailers

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    The authors examine the value-destroying and value-enhancing effects of a giant player's foreign entry on incumbents operating in that region. They use Wal-Mart's entry into the United Kingdom, through its acquisition of Asda, as the empirical context. Drawing on the marketing, strategy, and finance literature streams, the authors develop hypotheses as to why some incumbents are negatively affected whereas others actually may benefit from the entry of a giant competitor. Their measure of performance impact is the change in shareholder value around the announcement date, which has recently been recognized as an important metric to evaluate the effectiveness of marketing actions. The authors find strong support for the conceptual model, which distinguishes between the seriousness of the threat to the incumbents and their capacity to withstand the threat. The authors validate their findings using three alternative measures of company performance: percentage growth in the incumbent retailer's sales, earnings before interest and taxes, and return on assets between 1998 (the year before the Asda takeover) and 2002 (three years after the takeover). The authors discuss various managerial implications of their results. By acting proactively, incumbents can mitigate the negative performance consequences, while maximally benefiting from the positive implications of a giant competitor's entry

    Dancing with a Giant: The Effect of Wal-Mart's Entry into the United Kingdom on the Performance of European Retailers

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    The authors examine the value-destroying and value-enhancing effects of a giant player's foreign entry on incumbents operating in that region. They use Wal-Mart's entry into the United Kingdom, through its acquisition of Asda, as the empirical context. Drawing on the marketing, strategy, and finance literature streams, the authors develop hypotheses as to why some incumbents are negatively affected whereas others actually may benefit from the entry of a giant competitor. Their measure of performance impact is the change in shareholder value around the announcement date, which has recently been recognized as an important metric to evaluate the effectiveness of marketing actions. The authors find strong support for the conceptual model, which distinguishes between the seriousness of the threat to the incumbents and their capacity to withstand the threat. The authors validate their findings using three alternative measures of company performance: percentage growth in the incumbent retailer's sales, earnings before interest and taxes, and return on assets between 1998 (the year before the Asda takeover) and 2002 (three years after the takeover). The authors discuss various managerial implications of their results. By acting proactively, incumbents can mitigate the negative performance consequences, while maximally benefiting from the positive implications of a giant competitor's entry

    Common Fund Flows: Flow Hedging and Factor Pricing

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