• Partner selection decisions in interfirm collaborations: The paradox of relational embeddedness

      Meuleman, Miguel; Lockett, Andy; Manigart, Sophie; Wright, Mike (2010)
      By combining insights from relational network theory and agency theory we identify the boundary conditions to the embeddedness approach to partner selection decisions in interfirm collaborations. Employing a longitudinal dataset comprising the investment syndicates for the population of UK management buyouts between 1993 and 2003, we find that relational embeddedness is less important for selecting partners when agency risks are low, allowing firms to expand their networks. Furthermore, reputational capital may act as a partial substitute for relational embeddedness, again permitting firms to expand their networks. Our findings enhance understanding of the boundary conditions associated with the relational network approach to partner selections and network behaviour.
    • Patent pools and clearinghouses in the life sciences

      Van Zimmeren, Esther; Vanneste, Sven; Matthijs, Gert; Vanhaverbeke, Wim; Van Overwalle, Geertrui (2011)
    • Path-dependent evolution versus intentional management of investment ties in science-based entrepreneurial firms

      Meuleman, Miguel; Vanacker, Tom; Manigart, Sophie (2014)
      This paper studies the role of entrepreneurs in investment tie formation in science–based entrepreneurial firms. Specifically, we address why investment tie formation is path dependent for some firms but more amenable to intentional management for others. Using longitudinal case studies, our evidence suggests that early investment tie formation is path dependent because scientific entrepreneurs typically approach only one or a few prospective investors from within their institutional context. Differences in experience between early investors affect the professionalization of entrepreneurial teams (or lack thereof), which influences the extent to which subsequent investment tie formation becomes more amenable to intentional management or remains path dependent.
    • Patient co-creation activities in healthcare service delivery at the Micro level: The influence of online access to healthcare information

      Osei-Frimpong, K.; Wilson, A.; Lemke, Fred (Elsevier, 2018)
      The healthcare sector has undergone a number of transformations in recent years, partly due to recent advances in technology. This triggered our study to examine patients' desire to seek health information largely driven by increased access via the Internet and the cumulative impacts on value co-creation. We employed a sequential exploratory design involving a phenomenological approach in the qualitative phase, followed by a quantitative survey design to further our understanding of the influence of technology in co-creating value in healthcare at the micro level. Advances in technology have empowered patients to be informed, which enabled them to play an active role in clinical encounters with the doctor. The findings suggest pre-encounter information search impacts positively on improved service engagement and commitment to compliance with medical instructions. It does this by shaping the nature of interactions, enhancing provider-patient orientation, and increasing their involvement in a shared decision-making process. From a theoretical perspective, our study integrates multiple research perspectives (e.g., access to information, online information seeking and knowledge creation, healthcare consultation models, etc.) and extends research on patient integration, participation, and co-creation of value. The conceptualization of value co-creation activities in this study suggests a need for service providers to adopt delivery approaches that would effectively integrate patient resources to co-create value.
    • Patients' perceptions of service quality and patient satisfaction in nuclear medicine

      De Man, Stefanie; Gemmel, Paul; Vlerick, Peter; Van Rijk, P.; Dierckx, Rudi (2002)
    • Payment models and net present value optimization for resourceconstrained project scheduling

      Leyman, Pieter; Vanhoucke, Mario (2016)
      This manuscript focuses on the single- and multi-mode resource-constrained project scheduling problem with discounted cash flows (RCPSPDC and MRCPSPDC) and three payment models. The contribution of the paper is twofold. First, we extend a new scheduling technique, which moves activities in order to improve the project net present value. This more general version is applicable to multiple problem formulations and provides an overarching framework in which these models can be implemented. The changes in activity finish times take other activities and the possible changes in the finish times of these other activities into account, by forming a set of activities which is subsequently moved in time. The scheduling technique is implemented within a genetic algorithm metaheuristic and employs two penalty functions, one for deadline feasibility and one for non-renewable resource feasibility. Second, we test the proposed approach on several datasets from literature and illustrate the added value of each part of the algorithm. The influence of data parameters on the project net present value is highlighted. The detailed results provided in this paper can be used as future benchmarks for each of the six models discussed.
    • Payments: Refurbish or rebuild

      Slagmulder, Regine; Cumps, Bjorn; Dillen, Yannick (Henry Stewart Publications, 2018)
      The payments industry is facing its most radical change in decades. This is due to at least four change drivers — increased regulation, changing customer behaviour, technological innovation and new entrants. The sector faces increased competition from large established tech companies and small FinTech start-ups that are moving into the payments space. Based on the authors’ work with companies in the financial services industry and expert interviews, this paper identifies two distinct types of trends: those enhancing the existing payments system and those trying to build a completely new system. It is clear that a lot of the innovations focus on disintermediating the incumbent organisations. But how can these organisations best address these changes? Building on previous research the authors discuss four crucial capabilities for incumbents to master in an increasingly turbulent environment like the payments sector — designing superior customer experiences, setting up data-driven infrastructures, building multiparty collaborations and providing platform-based solutions. It is impossible for organisations to predict what will happen, but they will be better prepared for the road ahead by investing in these four capabilities.
    • Perceived important and problematic aspects of running a new firm

      Auwers, Tom; Deschoolmeester, Dirk (Förderkreis Gründungs-Forschung, 1994)
    • Perceptions of industrial design: The “means” and the “ends”

      Micheli, Pietro; Jaina, Joe; Goffin, Keith; Lemke, Fred; Verganti, Roberto (Wiley, 2012)
      It is widely accepted that industrial design can play an important role in the development of innovative products, but integrating design‐thinking into new product development (NPD) is a challenge. This is because industrial designers have very different perspectives and goals than the other members of the NPD team, and this can lead to tensions. It has been postulated that the communications between NPD managers and industrial designers are made more difficult because each group uses very different language. This research made the first empirical investigation of the language used by designers and managers in describing “good” and “poor” industrial design. In‐depth interviews were conducted with a sample of 19 managers and industrial designers at five leading companies. Multiple sources of data were utilized, including the repertory grid technique to elicit the key attributes of design, from the perspective of managers and designers. Using a robust, systematic coding approach to maximize the validity and reliability of qualitative data analysis, it was established that managers and industrial designers do not use a completely different vocabulary as previously supposed. Rather, it was found that managers and industrial designers use some common terms augmented by additional terms that are specific to each group: managers are commercially orientated in the “ends” they want to achieve and designers perceive more antecedents (“means”) necessary to achieve their “ends”—iconic design. This research led to a grounded conceptual model of the role of design, as perceived by managers and industrial designers. The implications of the results achieved are wide: they indicate how managers and designers can interact more productively during NPD; they highlight the need for more research on the language of designers and managers; and they point to issues that need to be covered in the education of industrial designers. Finally, this work suggests how managers and designers can engage in a more fruitful dialogue that will help to make NPD more productive.
    • Perceptions of the value of the HR-function

      Buyens, Dirk; De Vos, Ans (2001)
    • Performance na een buy-out: een Empirische studie in België

      Goossens, Lotte; Manigart, Sophie; Meuleman, Miguel (2007)
    • Personalized medicine: Time to invest more in our health

      Van Dyck, Walter; Cardoen, Brecht; Neels, Leo (2015)
      Healthcare is on the verge of a revolution, especially as miniaturised digital technology, more powerful computing and an attitude change converse and reshape the way we deal with health issues.
    • PEV storage in multibus scheduling problems

      Momber, Ilan; Morales-España, Germán; Ramos, Andrés; Gómez, Tómas (2014)
      Modeling electricity storage to address challenges and opportunities of its applications for smart grids requires inter-temporal equalities to keep track of energy content over time. Prevalently, these constraints present crucial modeling elements as to what extent energy storage applications can enhance future electric power systems' sustainability, reliability, and efficiency. This paper presents a novel and improved mixed-integer linear problem (MILP) formulation for energy storage of plug-in (hybrid) electric vehicles (PEVs) for reserves in power system models. It is based on insights from the field of System Dynamics, in which complex interactions between different elements are studied by means of feedback loops as well as stocks, flows and co-flows. Generalized to a multi-bus system, this formulation includes improvements in the energy balance and surpasses shortcomings in the way existing literature deals with reserve constraints. Tested on the IEEE 14-bus system with realistic PEV mobility patterns, the deterministic results show changes in the scheduling of the units, often referred to as unit commitment (UC).
    • Pharmaceutical discovery as a complex system of decisions: The case of front-loaded experimentation

      Van Dyck, Walter; Allen, P. (2006)
      In an article to appear shortly (McCarthy et al., 2006) the NPD process has been shown to be a complex adaptive system. In earlier articles (Allen & Ebeling, 1983; Allen, 2001; Allen & Strathern, 2005) the theory behind the emergent nature of the innovation and the new product development process has been presented and discussed, linking it to the inherent uncertainties involved in system instabilities when new dimensions and descriptors are turned on. This is the fuzzy front end of the innovation process and corresponds in practice to “the period between when an opportunity is first considered and when an idea is judged ready for development” (Kim & Wilemon, 2002). In the fuzzy front end, ambiguity about the performance of the idea prevails, preventing it from being transferred to development where it becomes increasingly expensive to rework or kill non-performing product ideas as one proceeds through the process (Verganti, 1997; Thomke & Fujimoto, 2000).