...CONFERENCE PAPERS 165 What is the Impact of Corporate Governance on Organisational Performance?* Loizos Heracleous** Research on the importance of generally accepted ``best practices'' in corporate governance has generally failed to find convincing connections between these practices and organisational performance. We discuss research outcomes on the relationship between two such ``best practices'' (CEO/Chair duality and insider/outsider composition) and organisational performance, and find this relationship to be insignificant. We propose four possibilities for this tenuous relationship, that are not mutually exclusive: firstly, the possibility that ``best practices'' in governance are indeed irrelevant to organisational performance; secondly, that the operationalisation of theoretical concepts has low face validity; thirdly, that studies are too narrow, aiming to relate board attributes directly to organisational performance and ignoring other systemic factors; and lastly, the possibility that different types of organisations require different practices in corporate governance. Lastly, we address the methodological and substantive implications of each of these possibilities. Keywords: Corporate governance, best practices, performance, research methodology T he legal formation of limited liability companies in the UK in the eighteenth century has separated ownership from control of corporations (Fama and Jensen, 1983), where salaried managers ideally...
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...favorite, so therefore I learned a lot about them from him; however, he has never been a fan of The Who. Therefore, I was rather excited when I was assigned a research paper on The Who; a band who I really knew nothing about before American Popular Music. In the following paper, I will provide details about The Who’s individual band members’ lives, as well as information in relation to the band in general. The Who had four main members: Pete Townshend, Roger Daltrey, John Entwistle, and Keith Moon. In addition to being the band’s guitarist, Pete Townshend took on the roll as the primary song writer. The most interesting fact I found about Townshend, is that he owns his own book publishing company. He actually published a book of his own called “Horse’s Neck” which consisted of a variety of short stories. Townshend has maintained a musical interest throughout his life, even after The Who broke up in 1983 (The Who Official Band Website). Roger Daltrey has always been a passionate musician; to the point where he even designed many of the bands guitars (The Who Official Band Website). Recently, Daltrey’s passion for music resurfaced. According to Mayer Nissim, a reporter for Digital Spy, “Roger Daltrey has confirmed that he is to tour The Who's 1969 album Tommy in full.” This article is from April 27th, 2011. Through further research, I found that the band had joined again in 2006 and released their first album in twenty-four years (The Who Official Band Website). The upcoming tour will...
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...be invented. Meyerson and Scully, in my view, have grasped an important idea and have written about it in a careful and an illuminating way. It's one of those papers, I suspect, that some people will react to by thinking: "I wish I had written that!" Further, I can see others I know well in the field as fitting the description of the tempered radical, at least in some circumstances and at different times. The reviewers, while suggesting changes, as reviewers do, were also very taken with the paper. It is intellectually interesting, and evocative. It provides us with a perspective on organizational issues that is typically glossed. It opens an arena for organizational analysis that is missed in most theoretical frameworks. Tempered radicals, Meyerson and Scully argue, are individuals who identify with and are committed to their organizations and also to a cause, community or ideology that is fundamentally different from, and possibly at odds with, the dominant culture of their organization. Their radicalism stimulates them to challenge the status quo. Their temperedness reflects the way they have been toughened by challenges, angered by what they see as injustices or ineffectiveness, and inclined to seek moderation in their interactions with members closer to the centre of organizational values and orientations. The paper is a scholarly treatment of a complex concept. It is radical in its charge to us to see new possibilities in the study of organization. It is tempered, even hopeful...
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...EXECUTIVE SUMMARY A few concepts that I chose from chapter 10 to focus on are executive succession: insiders versus outsiders, problems in retrenchment, managing diverse cultures following an acquisition, and total quality management (TQM). Strategy implementation is an important step that requires staffing and directing and puts strategy into action. According to McCarthy 'strategy implementation may be said to consist of securing resources, organizing these resources, and directing the use of these resources within and outside the organization.' The concept executive succession, is an integral part to a company. Whether to hire an outside or inside manager is better for replacement within a company depends on the circumstances of the company. If a company is doing well, then hiring someone from the inside would improve performance. If a company is on thin ice, hiring an outsider can save the company. Studies have shown that hiring someone from the inside results in better performance than hiring someone from the outside. I've learned that steps for top-management succession is exceptionally critical to a company and can stabilize its performance from sinking below average. A great CEO needs the experience, skills and expertise. Before my research and analysis, I believed that right CEO is one who's been working for the company for long time because of the amount of knowledge captivated during his/her years. However, that's not always the right choice because of circumstance...
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...PSYCH/570 Dr. Moore November 4, 2013 Applying Organizational Psychology When we as individuals begin searching for employment within any organization or company the application of organizational psychology is initiated. This process can be both demanding and overwhelming for not only the individual but companies as well. For any person seeking employment they are often looking for the best company that will fulfill their needs and the same applies to the organization. Companies are searching for the right individual to fit the position within the organization. Starting with the recruitment and hiring process, to the first day of work the principles of organizational psychology are important within any organization. The purpose of this paper is to assess the recruitment process from the perspectives of both an organization and applicant, explain how the principles of organizational psychology can be used in the recruitment process, discuss the concept of organizational socialization and examine how the principles of organizational psychology can be applied to organizational socialization. The Recruitment Process Organizational Perspective The concept behind the recruitment process is to assemble a sizeable group of qualified applicants for a potential job. This process allows an organization to evaluate which potential applicants will be the best fit for the company, has the most potential to become successful within the company and will stay with the company for a long...
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...Running head: RACIALIZED REPRESENTATIONS OF FEMALE BEAUTY 1 Racialized Representations of Female Beauty in Popular Culture (Name) University of New Mexico RACIALIZED REPRESENTATIONS OF FEMALE BEAUTY Racialized Representations of Female Beauty in Popular Culture 2 For the past 22 years People magazine has composed a list of the 50 most beautiful people. The list typically includes movie and television stars, musicians, British royalty, models, and television personalities. Every year the magazine crowns the year’s “most beautiful” and features them on the cover. Of the 22 most beautiful 19 have been women and out of the 19 women 16 have been White. This signals to People’s readers that beautiful means White and everything else does not equate beauty. However, this is not unique to People or even magazines like it, but instead represents a larger trend that is present in all forms of Western popular culture. In the various mediums of popular culture, ideologies about female beauty are exceedingly prevalent and constantly managed and reproduced. These ideologies carry with them the notion that in order to obtain ideal female beauty one must be very thin, young, have long hair, and wear expensive or revealing clothing (Stern, 2004). In addition to this there is also a raced definition of beauty, which predominates Western popular culture and dictates that White women with light hair and eye color can only attain true beauty. By looking closely at fashion magazines...
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...sectors”(Kaufman 1994). Fire sales typically occur in a single firm and then the decreased liquidity cascades to other firms in the same industry. In the case of financial institutions, fire sales often spread to other sectors of the economy as well. Fire sales can be thought of as positive feedback loops; financial distress forces firms to sell assets, which causes the prices of these assets to depreciate. This process leads to increased financial distress (Shleifer 2011). In this way, fire sales can depreciate asset prices and decrease economy-wide liquidity to the point of having a significant negative effect on an economy. Macroeconomic Effects The literature discussing the negative macroeconomic effects of fire sales is numerous. Many of these papers quote negative impacts to be...
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...that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature. Student's signature (name typed here is equivalent to a signature): Christopher Holland Introduction The purpose of this paper is to explore the homeless population in the United States while thinking critically. The research for this paper shall detail the history of homeless from its first noticeable conception. The paper will examine the time line of homelessness stating contributing factors as well as detailing the homeless struggle. This paper shall research the nature of the social problems or issues experienced by homeless people meanwhile showing the stereotyping and discrimination of homeless people. This paper will explore the different demographic groups along with common clinical issues and intervention strategies. After the research has explored the...
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...Public Disclosure Authorized WPS5314 Policy Research Working Paper 5314 Public Disclosure Authorized Regional Trade Agreements Caroline Freund Emanuel Ornelas Public Disclosure Authorized Public Disclosure Authorized The World Bank Development Research Group Trade and Integration Team May 2010 Policy Research Working Paper 5314 Abstract This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the past 15 years. The discriminatory character of these agreements has raised three main concerns: that trade diversion would be rampant, because special interest groups would induce governments to form the most distortionary agreements; that broader external trade liberalization would stall or reverse; and that multilateralism could be undermined. Theoretically, all of these concerns are legitimate, although there are also several theoretical arguments that oppose them. Empirically, neither widespread trade diversion nor stalled external liberalization has materialized, while the undermining of multilateralism has not been properly tested. There are also several aspects of regionalism that have received too little attention from researchers, but which are central to understanding its causes and consequences. This paper—a product of the Trade and Integration Team, Development Research Group—is part of a larger effort in the department...
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...against the United States combined with scientific proof from a wide variety of sources to argue for new methods of understanding and stopping terrorism as it exists today. Though many examples and analyses of terrorist acts are examined in the book along with many different explanations for the social and psychological mechanisms that may cause them, one of the central ideas is the power of social bonds to drive people to commit actions that they never would have considered alone. This paper will analyze Atran's argument as it is supported by social psychology, and in particular specific research that was used in the writing of the book itself. Atran states that “to kill and die with friends... almost invariably involves deep love of one's group” (p. 317) and goes on to say that having no empathy towards other groups allows this to happen. His own work in Radical Madrasas in Southeast Asia (Atran, Ginges, Magouirk, 2008) supports his claim by showing that when students viewed someone as being outside of their group and incapable of becoming a member of their group, they were much more likely to support violence against that person. This was shown by interviewing the students in regards to whether they believed that people were “born evil but learn to become good” or not, if they believed a baby born to Jewish parents but raised by Muslims would grow up to be Muslim or not, and if it was their duty to “fight and kill non-Muslims such as Christians” (Atran, 2010, p. 308). In addition...
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...organizations. This paper develops a number of explanatory frameworks which address the links between the development of strategy in organizations, dimensions of corporate culture and managerial action. In considering such linkages, and by illustrating them with examples from work undertaken in companies, the paper also seeks to advance our understanding of the problems and means of managing strategic change. A good deal has been written in the last decade about the links between organizational strategy and culture, the problems of strategic inertia in firms, and the need for managers to manage the cultural context of the organization so as to achieve strategic change and an adaptive organization to sustain the change for long term success. Howcvcr much of what has been written, whilst striking chords of reality for managers is frustrating because it lacks precision in explaining links between organizational culture, strategy and managerial behaviour. This paper seeks to help remedy this situation. It does so by clarifying the links between the development of strategy in organizations and organizational culture, so as to provide quite precise frameworks and explanations by which managers can discern reasons for strategic inertia and barriers to strategic change. It goes on to consider the implications for managerial action in the process of managing strategic change. In so doing the paper builds on developing concepts and research, and also...
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...CHAPTER 1 Introduction: This chapter contains the rationale, Objective of the Study, Scope of Limitation, Significance of the Study, and some definition of Terms. Rationale: Electronic Voting for Global Vote for Rights by Children International – Tabaco is joining at the World Children’s Prize. It is an education program for all children. Their goal is to become more humane world, where children’s rights are respected by all. And there will be a new way of voting and to make voting process faster and easier. More than 2000 youth ages 12 – 18 yrs. Old are going to vote, first they will have their registration of the participant, next followed by voting process by Electronic Voting, in this way we are going to minimize and lessen the step by step process of voting. Objective of the Study: In this proposal I would like to make the voting process easier, also all the youth can vote in a specific date, minimize the time and lessen the step by step process. First the youths need to register to know how many youth participate in the activity. Next they are going to have their line for the voting. There are 11 computers available to use in voting. The facilitators are going to assist and help to become the voting process is organize, after they vote facilitator put an indelible ink to their fingertip so recognize whose already voted. And lastly the voter can go home. Specific Objective: * To have a new process of voting by means of electronic voting. * To help the...
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...case study. It Includes an Executive Summary for the whole paper starting from introduction down to the conclusion. This will also include out-sourced researches to help clarify the dilemma of lack of communication along with the ignorance of Guanxi. | Executive Summary: In this proposal, you will read briefly about the history of the Roaring Dragon Hotel and where does it stand in its industry. There will be emphasis on how relationships, Guanxi, were a major source of income and interest. This proposal will focus on the setback of internal cultural communication in the hotel and how it affected the hotel’s evolution. The hotel decided to grow, from a 3 star to a 5 star hotel. A foreigner team of specialists were requested for the change procedure. The team was not made aware of the culture they are stepping foot in; add to that, they did not speak the language. The Management excused themselves from explaining to the foreigners what inner value does their employees hold; Guanxi. The employees were not told about the change and its phases. The employees did not understand the language of the outsiders nor their unfairly perceived actions. The evolution team should have invested some time in researching the culture of China, the culture of the hotel, and its business routine. The management members must have translated the message of the transformation along with facilitating communication between the outsiders and the employees. Making the employees aware of the downsizing...
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...Howard Becker is noted one of the pioneers of the ‘labeling theory’. His book, ‘Outsiders’, holds a quote which is now widely used across the academic spectrum when studying labeling and deviance, “social groups create deviance by making the rules whose infraction constitutes deviance and by applying those rules to particular people and labeling them as outsiders. From this point of view, deviance is not a quality of the act the person commits, but rather a consequence of the application by others of rules and sanctions to an “offender.” The deviant is one to whom that label has successfully been applied. Deviant behavior is behavior that people so label.” (Becker 1963:8–9). This quote is used timelessly even in today’s modern world, as others try and prove if this is truly fact. If we so label a person, do they become that label? In this paper I will try to show if primary or secondary deviance play’s into the development of the deviant behavior. Edwin Lemert is probably best known for developing what is called the societal reaction approach. This approach distinguishes between primary and secondary deviance. Primary deviance is the individuals who get themselves involved in rule-breaking behavior and do not see themselves as deviant. Primary deviance arises for a wide variety of reasons, biological, psychological, and or sociological. Secondary deviance is the individuals who accept their deviant status. When a negative label gets applied to someone visibly, it powerfully...
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...been increasingly important in international markets. Key account programs differ considerably across countries and firms, but all organizations have to decide how to identify their own major accounts and how to organize for effective relationship building with them. The purpose of this article is to assist organizations to determine the positioning of their major customer relationships so as to formulate key account relationship marketing strategies and implement them effectively in China and other Asian countries. This article describes a key account relationship model with an empirical survey on the measurement components of the model. The findings of the study are to test the practical value of the model. Then, conclusions about the research questions are given in the form of various perspectives and perceptions. Finally, a summary of both theoretical and practical implications for business practice and...
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