• 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).
    • Pioniers, doordrijvers, integrators & bewakers

      Van Mechelen, Sander (Editions NMG SPRL, 2017)
    • Planning projects with scarce resources: Yesterday, today and tomorrow’s research challenges

      Vanhoucke, Mario (Springer, 2018)
      This paper is an invited request to describe the main research challenges in the domain of resource-constrained project scheduling. The paper is split up in three parts. In today’s challenges, research endeavors that have received a significant, but still not enough, attention have been described. In tomorrow’s research challenges, some promising research avenues for future research have been given. Finally, in yesterday’s challenge, a research topic that started decades ago, is said to have still a huge potential in tomorrow’s research agenda. This paper does not intend to give a full literature overview, nor a summary of all possible research paths. Instead, it is inspired from the author’s experience in academic research and practical consultancy and it serves as a personal opinion on a non-exhaustive set of promising research avenues, rather than giving a full literature-based advice for future research directions.
    • Platform flexibility strategies: R&D investment versus production customization tradeoff

      Van den Broeke, Maud; Boute, Robert; Van Mieghem, Jan (2018)
      Product platforms are assets that are shared by multiple products. We study the optimal investment in platform flexibility. Each platform type is characterized by its functionality that determines its R&D investment and unit production cost, as well as the customization cost to produce the end products from the platform. The firm can invest in a portfolio of specialized platforms that align with the functionalities of a specific product and flexible platforms that cover the functionalities of a product range at lower customization cost. We characterize the optimal platform portfolio strategy using an ex-ante investment versus ex-post production customization tradeoff curve and show comparative statics of these costs, demand forecast, and the decision maker's regret and risk attitude. Flexible platforms provide operational hedging for risk-averse decision makers who thus should invest more than risk-neutral counterparts. In contrast to manufacturing flexibility, the regret of sub-optimal investments increases as demand is more negatively correlated.
    • Portfolio Entrepreneurship and Resource Orchestration

      Baert, Caroline; Meuleman, Miguel; Debruyne, Marion; Wright, Mike (2016)
      This study examines the role of resource orchestration for the exploration and exploitation of opportunities through portfolio entrepreneurship. Adopting a single-case study approach, we identify eight distinctive resource orchestration subprocesses that we group into three aggregate resource orchestration processes that enable the development and exploitation of a set of resources and capabilities across a portfolio of ventures. Our findings extend the literature on enduring entrepreneurship by building theory on how resource orchestration across a portfolio of ventures facilitates the emergence of synergies when exploring and exploiting opportunities.
    • Portfolio investment strategies in the Finnish venture capital industry: A longitudinal study

      De Clercq, Dirk; Goulet, P.K.; Kumpulainen, M.; Mäkelä, M. (2001)