Purpose – Drawing from the emotions as social information theory, this paper aims to investigate the differential effects of emotions in inter vs intracultural negotiations. Design/methodology/approach – The authors used one face-to-face negotiation and two experimental scenario studies to investigate the influence of emotions (anger vs happiness) and negotiation type (intercultural vs intracultural) on concession behavior. Findings – Across the three studies, the results consistently show that angry opponents from a different national culture obtain larger concessions from negotiators. A face-to-face negotiation shows that happy opponents from the same culture are able to obtain larger concessions from negotiators. Additionally, the negotiator’s intentions to compromise and yield mediate the relationship between the interaction of emotions and counterpart’s culture on concessions. Research limitations/implications – Two limitations are that the studies were conducted in a single country and that they use different types of role-playing designs. The empirical implications provide evidence of the moderating effect of the counterpart’s culture on the effect of anger on concessions. Then, providing two different mechanisms for concessions. Practical implications – The research helps global negotiators who face counterparts from different nationalities. It suggests that these negotiators should be mindful of their counterpart’s emotions in intercultural negotiation as anger seems to generate more concessions in this setting. Originality/value – The article is among the first studies to show that the combination of the counterpart’s culture and emotions has an effect on concessions in negotiation. Compromising and yielding are mediating mechanisms for this moderated effect. As opposed to previous studies that use.

Craft offers a path to enchantment and meaningful engagement with creation in an increasingly rationalized society. Yet, entering skilled domains where craft is practiced can be challenging for novices, particularly for those less familiar with these domains. While a growing body of research suggests that craft can be made more accessible through nontraditional pathways, the process whereby novices come to perceive craft as accessible remains undertheorized. We explore these ideas through the case of the makers, a diverse DIY movement that embraces all who build, modify, and invent across a variety of skilled domains. Using interview and observational data from Maker Faires – events wherein makers exhibit their projects and engage attendees in making activities – we induce a model of how experts enable novices to perceive craft as accessible. Our findings reveal how experts convey knowledge and skills using a creative craft approach, detailing how experts engage in scaffolding to facilitate novice creation, relax hierarchy, and cultivate fun and whimsy. In turn, this engenders the experience of enchanted engagement for novices who are able to experience how engaging in craft feels without the requisite skills or knowledge. Ultimately, this experience shapes and reinforces novices’ perception that craft is accessible. Our study contributes to the growing scholarship on craft in terms of alternative pathways for entering skilled domains, the role of craft in re-enchanting organizational life, and the emotional rewards of craft.

The advent of Central Bank Digital Currencies (CBDCs) represents a transformative milestone in modern banking, capturing the attention of policymakers, financial institutions, and academics alike. This chapter provides a comprehensive overview of the expanding body of literature on CBDCs. It delves into the critical aspects that define their significance and potential challenges within the banking sector. The primary objective of this chapter is to dissect the foundational elements crucial for the success of CBDC initiatives. It also aims to uncover how CBDCs have the potential to reshape the dynamics of monetary policy transmission and influence the stability of the banking sector, necessitating a delicate balance. Moreover, as the narrative progresses, the focus shifts to the potential of CBDCs to enhance financial inclusion and their role in optimising payment systems. CBDCs are examined for their capacity to ignite financial innovation through integration with the existing infrastructure and the creation of novel financial products. Lastly, this chapter sheds light on the intricate legal and regulatory framework surrounding CBDCs. This framework encompasses both national and international coordination, cybersecurity concerns, and data privacy. Additionally, it discusses the imperative need for the transformation of commercial banking models driven by CBDCs, which, in turn, requires the adaptation of business strategies to remain competitive.

The digital age industrial revolution (IX.0) shifted the goal post of digital maturity attainment for industrial organizations seeking to digitally transform. This has presented challenges for organizations’ ability to comprehend the unfolding paradigm around them and how to pull possibilities successfully into their organizations to revolutionize through a paradigm shift rather than maintain the existing paradigm within the guise of evolving. The research examines what a paradigm and paradigm shift entails within IX.0, providing a framework to comprehend such changes. The findings indicate that a paradigm shift entails a symbiosis of technological and organisational change. The research contributes to the scholarly debate surrounding digital transformation in industrial contexts and offers insights into the mechanism of an IX.0 paradigm shift.

We explore the use of supervised learning with custom loss functions for multi-period inventory control with feature-driven demand. This method directly considers feature information such as promotions and trends to make periodic order decisions, does not require distributional assumptions on demand, and is sample efficient. The application of supervised learning in inventory control has thus far been limited to problems for which the optimal policy structure is known and takes the form of a simple decision rule, such as the newsvendor problem. We present an approximation approach to expand its use to inventory problems where the optimal policy structure is unknown. We test our approach on lost sales, perishable goods, and dual-sourcing inventory problems. It performs on par with state-of-the-art heuristics under stationary demand. It outperforms them for non-stationary perishable goods settings where demand is driven by features, and for non-stationary lost sales and dual-sourcing settings where demand is smooth and feature-driven.

The knowledge integration perspective on team innovation holds that information elaboration – the exchange, discussion, and integration of task-relevant information and perspectives – is the core team process driving team innovation. Factors reflecting the informational resources the team can draw on through information elaboration therefore are important influences on team innovation. In this respect, team innovation research points to team functional diversity and to team boundary spanning scouting to acquire information from outside the team. Team innovation research also makes clear that informational resources (as reflected in functional diversity and boundary spanning scouting) do not guarantee team information elaboration, and that identifying moderation in this relationship is particularly valuable. Building on this state of the science, we focus on the moderating role of the team diversity mindset – members' shared understanding of the importance of information elaboration for team performance – in the relationships of team functional diversity and boundary spanning scouting with information elaboration and team innovation. A multi-wave and multi-source survey of N = 215 teams involved in knowledge work in various Chinese organizations supported our research model for team boundary spanning scouting but not for team functional diversity.

On the occasion of the 50th anniversary of the Association of European Operational Research Societies (EURO), we share our perspectives and reflections on maintenance research. We review the main methods and techniques for optimizing when and what to maintain, providing concrete examples as illustrations. We also discuss the optimization of the logistics support system surrounding the act of maintenance. In doing so, we highlight the multidisciplinary nature of maintenance research and its interface with other domains, such as spare parts inventory management, production scheduling, and transportation planning. We support our reflections with basic text-mining analyses of the archive of the European Journal of Operational Research, the journal published in collaboration with EURO. With this paper, we introduce interested researchers to maintenance optimization and share opportunities to close the gaps between the current state of research and real-world needs.

This paper analyses gender differences in hedge fund (HF) performance persistence using parametric and non-parametric risk-adjusted-performance persistence indicators. We find evidence consistent with performance persistence, which in relative (risk-adjusted) terms, is more pronounced amongst females, as opposed to male managers, in short to medium-term horizons. We also, observe a complete loss of persistence for the female managers in the long term, which for the male managers prevails and continues throughout all analysed periods. The findings contribute to the debate on the existence of differences in behaviour across males and females.