• Calculating the total cost of ownership utilities: a case of interfirm cost management

      Roodhooft, Filip; Van den Abbeele, Alexandra; Peeters, Frank (2005)
    • Capital- and resource-constrained project scheduling with net present value optimization

      Leyman, Pieter; Vanhoucke, Mario (2017)
      In this paper, we study the capital-constrained project scheduling problem with discounted cash flows (CCPSPDC) and the capital- and resource-constrained project scheduling problem with discounted cash flows (CRCPSPDC). The objective of both problems is to maximize the project net present value (NPV), based on three cash flow models. Both problems include capital constraints, which force the project to always have a positive cash balance. Hence, it is crucial to schedule activities in such an order that sufficient capital is available.The contribution of this paper is threefold. First, we propose three distinct cash flow models, which affect the capital availability during the project. Second, we introduce two new schedulers to improve capital feasibility, one for the CCPSPDC and one for the CRCPSPDC. The schedulers focus on delaying sets of activities, which cause cash outflows to be received at later time instances, in order to reduce capital shortages. Both schedulers are implemented as part of three metaheuristics from literature, in order to compare the metaheuristics' performance. Two penalty functions have been included, one to improve capital feasibility and another to improve deadline feasibility. Third, the proposed procedure has been tested on a large dataset and the added value of the schedulers has been validated. Managerial insights are provided with respect to the impact of key parameters.
    • Cascading Contingent Protection and Vertical Market Structure

      Sleuwaegen, Leo; Belderbos, Rene; Jie A Joen, Clive (1998)
      Cascading contingent protection may occur when protection of an upstream industry transfers injury to the downstream industry and increases the likelihood that this industry asks and receives protection. Cascading protection within a sequential petitioning model where the upstream industry acts as leader is examined. The analysis identifies market structure and the vertical linkage between the upstream and the downstream industry as important determinants of the occurrence of cascading protection. It is shown that the circumstances which make cascading protection more likely to occur also make it more likely that this protection has serious negative welfare consequences.
    • Ceci n'est pas contemporain

      Nissen, Aleydis (2015)
    • Centralization and effectiveness of reward management in multinational enterprises - Perceptions of HQ and subsidiary reward managers

      Tekieli, Michael; Festing, Marion; Baeten, Xavier (Hogrefe Publishing, 2018)
      Based on responses from 158 reward managers located at the headquarters or subsidiaries of multinational enterprises, the present study examines the relationship between the centralization of reward management decision making and its perceived effectiveness in multinational enterprises. Our results show that headquarters managers perceive a centralized approach as being more effective, while for subsidiary managers this relationship is moderated by the manager’s role identity. Referring to social identity theory, the present study enriches the standardization versus localization debate through a new perspective focusing on psychological processes, thereby indicating the importance of in-group favoritism in headquarters and the influence of subsidiary managers’ role identities on reward management decision making.
    • CEO succession and the CEO's commitment to the status quo (Published Online)

      Behr, Henning; Fehre, Kerstin (Springer, 2018)
      Chief executive officer (CEO) commitment to the status quo (CSQ) is expected to play an important role in any firm’s strategic adaptation. CSQ is used often as an explanation for strategic change occurring after CEO succession: new CEOs are expected to reveal a lower CSQ than established CEOs. Although widely accepted in the literature, this relationship remains imputed but unobserved. We address this research gap and analyze whether new CEOs reveal lower CSQ than established CEOs. By analyzing the letters to the shareholders of German HDAX firms, we find empirical support for our hypothesis of a lower CSQ of newly appointed CEOs compared to established CEOs. However, our detailed analyses provide a differentiated picture. We find support for a lower CSQ of successors after a forced CEO turnover compared to successors after a voluntary turnover, which indicates an influence of the mandate for change on the CEO’s CSQ. However, against the widespread assumption, we do not find support for a lower CSQ of outside successors compared to inside successors, which calls for deeper analyses of the insiderness of new CEOs. Further, our supplementary analyses propose a revised tenure effect: the widely assumed relationship of an increase in CSQ when CEO tenure increases might be driven mainly by the event of CEO succession and may not universally and continuously increase over time, pointing to a “window of opportunity” to initiate strategic change shortly after the succession event. By analyzing the relationship between CEO succession and CEO CSQ, our results contribute to the CSQ literature and provide fruitful impulses for the CEO succession literature.
    • CEO's hebben ook nood aan mentoren

      Van Steerthem, Angie (2015)
    • The challenges of implementing strategy

      Verweire, Kurt (PM World, 2018)
      Strategy implementation is a hot topic today. Managers spend billions of dollars on consulting and training in the hope to create brilliant strategies. But all too often brilliant strategies do not translate into brilliant performance. Strategy implementation ranks high on top managers’ agendas but is a topic that has not received sufficient attention in the academic world. It seems like academics assume that if a firm has a strategy, it gets implemented automatically. But talk with managers and most will admit that their organization is experiencing significant problems with translating their strategy into concrete activities and results. Why do so many companies struggle with strategy implementation? And what can be done about it? In this article, I first present five root causes why strategy implementation is so hard. Some of these root causes deal with the quality of the strategy itself, the others deal with the topic of implementation. Then, I present a new model that tackles many of these issues. This model consists of three building blocks and is called the Strategy-Alignment-Commitment model. The article zooms in on each of the three building blocks and provides useful suggestions how to increase the success rate of your strategy implementation programs.
    • Challenging corporate commitment to CSR: Do CEOs keep talking about corporate social responsibility (CSR) issues in times of the global financial crisis?

      Fehre, Kerstin; Weber, Florian (Emerald, 2016)
      Purpose In times of crisis, the fundamental principles of companies erode, leading to strategy shifts. This paper aims to examine whether corporate social responsibility (CSR) is on management’s agenda in times of crisis, indicating CSR embeddedness into corporate strategy. The focus is on the four pillars of CSR: social, environment, economy and governance. Design/methodology/approach Starting points are competing hypotheses based on shareholder and stakeholder theory. Chief executive officer (CEO) letters to shareholders of German HDAX firms from 2003 to 2012 are analyzed by means of computer-aided text analysis. Findings The authors find that CEOs talk less about CSR in times of crisis, especially about social and governance issues, indicating that CSR is not fully embedded into corporate strategy, and that, in times of crisis, other aspects gain more importance on management’s agenda.
    • Characterizing order processes of continuous review (s,S) and (r,nQ) policies

      Noblesse, Ann; Boute, Robert; Lambrecht, Marc; Van Houdt, Benny (2014)
      We provide a novel approach to characterize the order process of continuous review and inventory policies, and study the impact of the batching parameter (the value of Q or ) on the variability in the order process. First, we characterize the distribution of the time between orders, as well as the distribution of order sizes. We find that the coefficient of variation (cv) of the time between orders is smaller than the cv of the time between demands. The size of the orders can exhibit either variance amplification or dampening, compared to the demand sizes, depending on the demand size distribution and the value of the batching parameter. This may motivate a supplier to adjust his imposed fixed order cost to influence the batching size. Second, we look at the compound order process, defined by the number of units ordered during an arbitrary interval. The compound order process always exhibits variance amplification compared to the compound demand, which increases linearly in the batching parameter for large values of Q or ; for small values, the variance amplification is fluctuating. We point out that the time interval, during which the number of units ordered/demanded is observed, also impacts the level of variance amplification, and we show to what extent larger time intervals (resulting in more aggregation of the data) lead to lower values of variance amplification. Both perspectives (looking at time between orders and order quantities, or observing the compound order process) provide useful information for the upstream supplier.
    • Chinese Competition in OECD Markets: Impact on the Export Position and Export Strategy of OECD Countries

      Abraham, Filip; Van Hove, J. (2011)
      This paper primarily intends to broaden the scope of open innovation (OI) by connecting this concept to the literature on national systems of innovation (NSI). The main assumption behind this paper is that OI entails new types of governance structures that enable companies to tap into widely distributed knowledge bases through rapidly proliferating technology markets. Given that the current state of research within NSI literature has shifted towards a functional approach, the various proposed functional portfolios within NSI are supposed to coevolve with the mechanisms that coordinate innovation activities (i.e., hierarchical, network, and technology markets). Establishing a relationship between OI and NSI enables us to extend the functional NSI portfolio to accommodate the paradigmatic shift in governance structure represented by OI.
    • Choosing governance modes for external technology sourcing

      Van de Vrande, Vareska J.A.; Lemmens, Charmianne E.A.V.; Vanhaverbeke, Wim (2006)
    • Class Notes: Ten principles of good business process management

      vom Brocke, Jan; Schmiedel, Theresa; Recker, Jan; Trkman, Peter; Mertens, Willem; Viaene, Stijn (2014)
    • Classification of articles and journals on project control and earned value management

      Willems, Laura; Vanhoucke, Mario (2015)
      This paper presents an overview of the existing literature on project control and earned value management (EVM), aiming at fulfilling three ambitions. First, the journal selection procedure allows to discern between high-quality journals and more popular business magazines. Second, the collected papers on project control and EVM, published in the selected journals, are classified based on a framework consisting of six distinct classes. Third, the classification framework indicates current trends and potential areas for future research, which can be summarized as follows: (i) increased attention to the stochastic nature of projects, (ii) enhanced validation of the proposed methodology using a large historical dataset or a simulation experiment, (iii) expansion of integrated control models, focusing on time and cost as well as other factors such as quality and sustainability, and (iv) development and validation of corrective action procedures.
    • Classroom experiments on project management communication

      Vanhoucke, Mario; Wauters, Mathieu (2015)
      This manuscript gives a brief overview of three sets of experiments in the classroom with students following a Project Management (PM) course module using a blended learning approach. The impact of communication on the student performance using business games as well as the advantages of the use of integrative case studies and their impact on the learning experience of these students are tested. The performance of students is measured by their quantitative output on the business game or case exercise, while their learning experience is measured by the student evaluations. The experiments have been carried out on a sample of students with a different background, ranging from university students with or without a strong quantitative background but no practical experience, to MBA students at business schools and PM professionals participating in a PM training. The results have been presented at an international workshop on computer supported education in Lisbon (Portugal) in 2015 and details have been published in Vanhoucke and Wauters (2015).
    • Clinical pathways and operations management: it takes two to tango

      Demeulemeester, Erik; Sermeus, Walter; Beliën, Jeroen; Cardoen, Brecht (2007)
    • Clusters in the biopharmaceutical industry: Toward a new method of analysis

      Erden, Zeynep; von Krogh, Georg (Elsevier, 2011)
      Clusters are groups of co-located and interconnected firms and institutions linked by commonalities in their strategies and complementarities in their activities and resources. There are several reasons for the geographical clustering of firms in the biopharmaceutical industry. This review unpacks some advantages and disadvantages of cluster participation, and proposes a new method to enable managers and researchers to identify clusters in the biopharmaceutical industry.