• Constructing a total cost of ownership supplier selection methodology based on activity based costing and mathematical programming

      Degraeve, Zeger; Labro, Eva; Roodhooft, Filip (2004)
      In this paper we elaborate on a Total Cost of Ownership supplier selection methodology that we have constructed using real life case studies of three different industrial components groups in a firm. These case studies are presented in this article. Analysing the value chain of the firm, data on the costs generated by the purchasing policy and on supplier performance are collected using Activity Based Costing (ABC). Since a spreadsheet cannot encompass all these costs, let alone optimise the supplier selection and inventory management policy, a mathematical programming model is used. For a specific component group the combination of suppliers is selected that minimises the Total Cost of Ownership. TCO takes into account all costs that the purchase and the subsequent use of a component entail in the entire value chain of the company. The TCO approach goes beyond minimising purchase price and studies all costs that occur during the entire life cycle of the item in the organisation. Possible savings of between 6 and 14% of the total cost of ownership of the current purchasing policy are obtained for the three cases. Keywords: Activity Based Costing, mathematical programming, supplier selection, purchasing
    • Consumer innovativeness and GLB: a comparative study

      Vandecasteele, Bert; Geuens, Maggie (2006)
    • Coping with change

      Van den Berghe, Lutgart (1994)
    • Corporate governance and board effectiveness : beyond formalism

      Levrau, Abigail; Van den Berghe, Lutgart (2007)
      Mainstream research on boards of directors has been focusing on a direct relationship between board characteristics and firm performance, but up till now the results are inconclusive. Different reasons are put forward to explain this inconsistency, but it can be argued that ‘traditional' board research has been neglecting potential intervening variables. In this paper we present a process-oriented model for board effectiveness by relying on the corporate governance literature and the literature on group effectiveness. We follow the input-process-output approach to extract the significant variables from literature and integrate them into a research framework for studying board effectiveness. In particular, we identify three intervening variables (cohesiveness, debate and conflict norms) which we believe mediate the effects of board characteristics on board performance. The rationale for including these ‘process' variables is the belief that the interactions and relationships among board members determine to a large extent the collective outcomes of the board of directors. In this respect, the model goes beyond the traditional structural attributes of boards of directors to include behavioural or attitudinal measures of board effectiveness. It also highlights the need for a multi-disciplinary approach in empirical research on boards of directors.
    • Corporate international diversification: the impact of foreign competition, industry globalization and product diversification

      Wiersema, Margarethe; Bowen, Harry (2005)
      Significant reductions in barriers to international commerce since the mid-1970s have resulted in markets and industries becoming increasingly integrated across nations. A key consequence of industry globalization has been substantially increased levels of foreign competition in the markets of most nations, and in particular in the U.S. marketplace. The changes in competitive conditions facing firms as markets and industries become more globalized are significant economic phenomena that can be expected to impact corporate strategy in general, and corporate international diversification strategy in particular. Despite increasing global economic integration, the impact of industry globalization on corporate strategy is a question that has been largely overlooked in both the strategic management and international business literatures. This paper seeks to fill this important gap by examining the role of both environmental and firm specific factors in shaping a firm's international diversification strategy. Specifically, we develop a theoretical framework for understanding how industry globalization, foreign competition, and firm product diversification would be expected to influence a firm's strategic choice of its level of international diversification. We then empirically examine for the predicted impact and importance of these factors in a panel data set of U.S. firms from 1987 to 1993. Our study provides the first empirical examination and evidence that industry globalization and foreign-based competition are statistically significant factors explaining the increased international diversification of U.S. firms. Keywords: Corporate Strategy, Globalization, International Diversification
    • Corporate stakeholder responsibility: variation across countries

      Chapple, Wendy; Gond, Jean-Pascal; Louche, Céline; Orlitzky, M. (2008)
    • Corporate structure of leading firms in Europe: does country of origin still matter?

      De Voldere, Isabelle; Sleuwaegen, Leo; Van Pelt, An; Veugelers, Reinhilde (2004)
      This article traces the changing impact of national differences on the geographical and industry diversification strategy of leading firms in Europe in 1987-2000, a period of intensified European integration. The results indicate that, whereas country of origin had a significant effect at the beginning of the period, its impact has gradually diminished over time, with firms overall focusing resources on core activities but at the same time expanding production more internationally. However, some country differences do persist over time. Especially firms originating from Germany and Italy appear to be still significantly influenced by national differences.
    • Cost benefit analysis in the context of the Energy Infrastructure Package

      Meeus, Leonardo; von der Fehr, Nils-Henrik M; Azevedo, Isabel; He, X.; Olmos, L.; Glachant, Jean-Michel (2013)
      Cost Benefit Analysis (CBA) has proven to be a useful tool to support the economic appraisal of important projects in many sectors. In the energy domain, a single CBA method has been proposed at EU level to evaluate and compare electricity transmission and storage projects from different countries, which is unprecedented anywhere in the world. - The objective of the 10th report of THINK has been to advise the European Commission (DG Energy) on the development of this method in the context of the Energy Infrastructure Package. This brief is derived from that report. We provide recommendations for the scope of the analysis as well as the calculation of the net benefit. We also discuss how the method can be used to rank projects. - Regarding the scope of the analysis, our recommendations are: (1) interaction between projects must be taken into account in the project and baseline definition; (2) data consistency and quality should be ensured; (3) the conventional time horizon is 20-25 years; (4) CBA should concentrate on a reduced list of effects and those should be monetized; and (5) distributional concerns should not be addressed in the calculation of net benefits. - Regarding the calculation of the net benefit, our recommendations are: (6) infrastructure costs need to be disaggregated; (7) the model used to monetize the production cost savings and gross consumer surplus needs to be explicitly stated; (8) a common discount factor should be used for all projects; and (9) a stochastic approach that is consistent with the Energy Roadmap 2050 should be used to address uncertainty. - Regarding the ranking of projects, our recommendation is: (10) the ranking should be primarily based on the monetized net benefit. - ENTSO-E has already proposed a draft method for electricity projects. We will analyse to what extent this method is in line with our recommendations and will conclude that it is an important step in the right direction. However, improvements could still be made, as proposed in this brief.
    • Creating business value with big data

      Isik, Öykü; Vanderheyden, Karlien; Backe, Philippe (2017)
    • Creating succesful collaborative relationships

      Vanpoucke, Evelyne; Vereecke, Ann (2008)