scholarly journals Product reliability and warranty period as a cost-forming factors

2016 ◽  
Vol 17 (4) ◽  
pp. 361-369
Author(s):  
Nataly Podolyakina
Keyword(s):  
High Tech ◽  
Time Interval ◽  
Competitive Advantages ◽  
Product Reliability ◽  
Complete Replacement ◽  
Warranty Period ◽  
Manufactured Products ◽  
Warranty Service ◽  
The Impact

The relevance of this study is determined by the fact that, in modern conditions, the manufacturers of high-tech products offer long-term warranty service for their products aiming at receiving the consumer. In turn, the frequency of warranty service depends on the probability of trouble-free operation of the product in a certain time interval. However, increasing the uptime of the products and increase the warranty period results in increased costs. Therefore, the purpose of this study is to develop a model that allows determining the impact of the following factors on the product cost: the reliability of the manufactured products and the term of their warranty. To achieve the goal of the research there has been determined the content of warranty service, has been introduced the integrated indicator of quality warranty services, and has been shown the level of products reliability as a dependence from the costs of their manufacturing and warranty service. The novelty of this study is estimation of the manufacturer’s cost depending on the way of providing the warranty service, either by repair, or by complete replacement of the failed product. The research results provide competitive advantages to manufacturers of high-tech products since it enables to find the efficient period and intensity of the warranty service.

The procurement dilemma: short-term savings or long-term shareholder value?

2016 ◽  
Vol 37 (6) ◽  
pp. 10-17 ◽  
Author(s):  
Michel Philippart
Keyword(s):  
Corporate Strategy ◽  
Reference Group ◽  
Shareholder Value ◽  
Potential Contribution ◽  
Competitive Advantages ◽  
Short Term ◽  
Content Type ◽  
Functional Perspective ◽  
The Impact

Purpose Research has shown the potential contribution of properly managed suppliers to the competitive position of firms. Major strategy schools of thought such as the industry view and the resource-based view have evolved in their perspective about supplier’s contributions, replacing a transactional perspective of supplier management with a more comprehensive view of their role in corporate strategy. This study aims to understand if procurement professionals have evolved in the same direction. Design/methodology/approach During a corporate wide assessment for a large consumer product corporation, the author had the opportunity to incorporate a four-statement question aimed at identifying the perception of value creation by different levels of procurement staff. The answers were compared with responses of a reference group that comprised business school students who had never been exposed to professional procurement as a function or skill. Findings The results show that buyers, even at senior levels, more clearly identify value as the result of price negotiation, a functional perspective, than as the construction of sustainable competitive advantages, the shareholder perspective. They do not discriminate sufficiently between short-term transactional value transfer and long-term shareholder value capture. Research limitations/implications The study was conducted on a sample of 500 people from four continents but limited to a single corporate environment. This study focused on innovation as a source of value and competitive advantages. Originality/value The paper shows to corporate deciders the impact of overly cost-focused procurement departments. This study reinforces their need to better balance the objectives assigned to their procurement team. This study outlines the steps necessary to align the cultural competitiveness of procurement to the objectives of the firm, with an extended enterprise scope.

scholarly journals Intellectual Capital Change Management in the Construction Industry—The Case of an Inter-Organisational Collaboration

2021 ◽  
Vol 7 (3) ◽  
pp. 199
Author(s):  
José Vale ◽  
Nádia Barbosa ◽  
Rui Bertuzi ◽  
Ana Maria Bandeira ◽  
Vera Teixeira Vale
Keyword(s):  
Construction Industry ◽  
Intellectual Capital ◽  
Competitive Advantages ◽  
Traditional Media ◽  
Intellectual Assets ◽  
Changes Over Time ◽  
The Impact ◽  
Over Time

Nowadays, due to the complexity of the relationships with external entities, along with the importance that traditional media and the innovative social media have in creating competitive advantages, it is necessary for companies to collaborate in order to create Intellectual Capital (IC). Although collaboration is crucial to create IC, there is a paucity in literature regarding the effects that a specific type of collaboration may have on the IC of an organisation, specifically a franchising with a mediatic actor. Moreover, literature addressing IC creation and destruction over time is scarce, especially when applied to the construction industry. This paper’s goal is twofold: understanding the longitudinal changes of a construction SME’s Intellectual Capital, regarding its creation and destruction; analysing the impact that a specific inter-organisational collaboration franchising—with a mediatic actor may have on such IC. A single in-depth case study was conducted, allowing to conclude that the actions of an organisation can develop both Intellectual Assets and Intellectual Liabilities. It was also concluded that inter-organisational collaboration, through a franchise with an actor with experience in communication, can generate, in the long term, positive and innovative effects regarding the different IC components, namely the Relational one. More specifically, the paper allowed to ascertain that an organisation’s IC changes over time in a dynamic fashion, i.e., Intellectual Liabilities which emerged before an innovative collaboration can be transformed into Intellectual Assets and create competitive advantages. This paper contributes to stress the importance of managing IC, not only when it is created, but namely in when it can be destroyed, in a context of inter-organisational collaborations applied to a construction SME.

scholarly journals Does delaying curative surgery for colorectal cancer influence long-term disease-free survival? A cohort study

2021 ◽  
Author(s):  
Stephanie Garcia-Botello ◽  
J. Martín-Arevalo ◽  
C. Cozar-Lozano ◽  
A. Benitez-Riesco ◽  
D. Moro-Valdezate ◽  
...  
Keyword(s):  
Colorectal Cancer ◽  
Disease Free Survival ◽  
Time Interval ◽  
Wait List ◽  
Free Survival ◽  
Ajcc Stage ◽  
Definitive Surgery ◽  
The Impact ◽  
Disease Free

Abstract Background Surgical wait list time is a major problem in many health-care systems and its influence on survival is unclear. The aim of this study is to assess the impact of wait list time on long-term disease-free survival in patients scheduled for colorectal cancer resection. Materials and methods A prospective study was carried out in patients with colorectal cancer scheduled for surgery at a tertiary care center. Wait list time was defined as the time from completion of diagnostic workup to definitive surgery and divided into 2-week intervals from 0 to 6 weeks. The outcome variables were 2-year and 5-year disease-free survival. Results A total of 602 patients, 364 (60.5%) male, median age 73 years (range = 71) were defined. The median wait list time was 28 days (range = 99). Two and 5-year disease-free survival rates were 521 (86.5%) and 500 (83.1%) respectively. There were no differences in 2-year or 5-year disease-free survival for the whole cohort or by tumor stage between wait list time intervals except for AJCC stage II tumors which showed a higher 5-year disease-free survival for the 2–4 and 4–6-week wait list time interval (p = 0.021). Conclusions Time from diagnosis to definitive surgery up to 6 weeks is not associated with a decrease in 2-year or 5-year disease-free survival (DFS) in AJCC stage I through III colorectal cancer patients. These are important findings in the light of the COVID-19 pandemic and offer a window of opportunity for preoperative optimization and prehabilitation.

scholarly journals The Long-Term Performance Consequences Of Strategic Partnerships In High Tech Industries

2012 ◽  
Vol 29 (1) ◽  
pp. 217 ◽  
Author(s):  
Carolyn M. Callahan ◽  
Rod E. Smith ◽  
Angela Wheeler Spencer
Keyword(s):  
Global Economy ◽  
Operating Performance ◽  
Customer Relationships ◽  
High Tech ◽  
Strategic Partnerships ◽  
Product Cycles ◽  
Long Term Impact ◽  
Term Performance ◽  
The Impact

In this paper, we examine how inter-firm partnerships impact long-term operating performance. With a global economy, rapid product cycles, capital constraints and advances in technology, firms seldom possess all the capabilities necessary to maintain and grow market share. Consequently, firms rely on a variety of partnerships. Theory suggests that firms enter such relationships to improve performance through access to new products, new markets, or new capabilities. Yet, relatively little is known about the long-term impact of collaborative arrangements such as alliances and established major customer relationships, although such dual partnership arrangements can have a major impact on the firms performance success. Our empirical results indicate that inter-firm partnerships affect operating performance, but the impact often depends on the industry, the nature of the firm, and the type of partnership.

scholarly journals Stimulating Creativity Methods And Innovative Performance In European Countries

2015 ◽  
Vol 8 (1) ◽  
pp. 163-182 ◽  
Author(s):  
Gabriela Lucia Şipoş ◽  
Alin Ionescu
Keyword(s):  
Financial Incentives ◽  
European Countries ◽  
Competitive Advantages ◽  
Job Rotation ◽  
Innovative Performance ◽  
Current Economic Crisis ◽  
Fostering Creativity ◽  
New Ideas ◽  
The Impact

Abstract A widely debated topic during the last decades focuses on the companies’ opportunities to acquire corporate competitiveness due to research, innovation and development. Thus, in the context of increased competition and current global challenges, fostering creativity and innovation is a way to boost economic growth and welfare of European countries. New and original ideas, skills, competencies and innovations they all could enable to achieve competitive advantages. Creative ideas and innovative solutions are crucial for the European countries in order to overcome the current economic crisis. This paper aims to study the impact of stimulating creativity methods used by companies on innovative performance of the country. The study is based on identifying correlations between using stimulating creativity methods – such as brainstorming sessions, financial incentives for employees to develop new ideas, job rotation of staff, multidisciplinary or cross-functional work teams, non-financial incentives for employees and training employees on how to develop new ideas or creativity – and, by the other hand, innovative performance of European countries, synthetically expressed by Summary Innovation Index. It also quantifies and scales the intensity of influence using each stimulating creativity method. The results of this study can be a real help for companies to identify the most appropriate stimulating creativity methods in order to increase the innovative performance. Thereby, the main output of the study consists in the fact that using the most effective methods of stimulating creativity the companies will be able to increase their innovative potential and they could obtain long-term competitive advantages.

scholarly journals THE IMPACT OF LEADERSHIP ON THE INTELLECTUAL CAPITAL DEVELOPMENT MODERN COMPANIES IN KOSOVO

2019 ◽  
Vol 31 (1) ◽  
pp. 273-280
Author(s):  
Anita Cucoviċ
Keyword(s):  
Intellectual Capital ◽  
Power Distribution ◽  
Financial Statements ◽  
High Tech ◽  
Knowledge Based ◽  
Manufactured Products ◽  
The One ◽  
Capital Development ◽  
The Impact ◽  
Great Competitiveness

There is no doubt that great competitiveness among companies makes it clear that without rapid and radical changes, Kosovo will not be able to deal with competition in the environment, both broader and immediate. Success in the new world economy will depend on good leadership at all levels, from companies to the state.The leader is the one who successfully leads the change of the organization in order to create a flexible and efficient company capable of quickly and successfully facing the challenges of the external and internal environment and optimally utilize its resources. Such a leader model is necessary for Kosovo in all sectors, i.e. public administration and provides guidelines for how to successfully manage social change in a turbulent environment.Value in the knowledge economy is not generated by the quantity of manufactured products, but by the quality generated by knowledge workers. All of these changes dramatically changed the nature of value creation. It's no longer possible to think about a product as a physical manifestation of value.Industries such as power distribution, telecommunications, computers, software, i.e. high-tech industries have almost doubled their product share over the past twenty years, while knowledge-based services have grown faster and faster.In many companies, knowledge and its personality, intellectual capital, are not directly reflected in the financial statements, and consequently there is insufficient attention in managing those resources. Such companies still calculate their success or failure on old principles, while letting intellectual capital remain unused.

scholarly journals The impact of organizational culture on job performance: a study of Saudi Arabian public sector work culture

2018 ◽  
Vol 16 (3) ◽  
pp. 207-218 ◽  
Author(s):  
Ghazi Ben Saad ◽  
Muzaffar Abbas
Keyword(s):  
Organizational Culture ◽  
Job Performance ◽  
Customer Orientation ◽  
Work Culture ◽  
Competitive Advantages ◽  
Managing Change ◽  
The One ◽  
The Impact ◽  
Cultural Strength

This research aims to assess direct and indirect influences of organizational culture on job performance, as well as to evaluate the impact of each sub-element of organizational culture on such performance. It is argued that employees performance derives, on the one hand, from a long-term perspective related to changes that organizations manage and implement during their process of growth. A second dimension of organizational culture can be given through organizational values, routines and distinctive aspects of culture that allow organizations to create solid competitive advantages. Since most studies in this field were held in Western work cultures, this paper will be devoted to the analysis of this relationship within an Arabic cultural environment and more specifically within a Saudi context. A quantitative study tool, based on a comprehensive research questionnaire, was used and the sample was selected from various government departments being operative in Alkharj. The findings indicate a positive relationship between organizational culture and job performance. Likewise, four organizational culture sub-elements, namely Managing Change, Achieving Goals, Coordinating Teamwork and Cultural Strength, were found affecting positively on job performance, but with varying and distinct intensity. Only Customer Orientation was found negatively associated with job performance.

scholarly journals On the Model of Prognosis of Proceeds of Industrial Enterprises

2020 ◽  
Vol 7 (4) ◽  
pp. 253-263
Author(s):  
E.L. Pankratov
Keyword(s):  
Technological Progress ◽  
Raw Materials ◽  
New Products ◽  
Competitive Advantages ◽  
Innovative Technologies ◽  
Industrial Enterprises ◽  
Manufactured Products ◽  
Modern Economic ◽  
Relevant Factors

In modern economic theory, scientific and technological progress considers as one of the relevant factors of long-term eco-nomic growth. The influence of scientific and technological progress on a particular sector of the economy appears in the creation of new products that have important competitive advantages over existing ones, or in the modification (modernization) of existing products. Often, new products based on new (innovative) technologies. However, technological superiority requires well-timed modernization of production and staff training, that is, significant financial and organizational investments. At the same time, the rejection of the transition to innovative technologies can lead to tangible losses in market positions or even to a complete cessa-tion of the organization. This model gives a possibility to make a prognosis of proceeds of enterprises with account changing of quantity of manufactured products, as well as various expenses (raw materials, transportation costs,...). An analytical approach for analyzing the influence of various parameters on the proceeds has been introduced.

scholarly journals Sustainability Assessment of Provincial-Level Regions in China Using Composite Sustainable Indicator

2019 ◽  
Vol 11 (19) ◽  
pp. 5289 ◽  
Author(s):  
Yi ◽  
Lu ◽  
Zhang ◽  
Li
Keyword(s):  
Sustainability Assessment ◽  
Competitive Advantages ◽  
Ecological Civilization ◽  
Provincial Level ◽  
Core Issue ◽  
Policy Priority ◽  
The Individual ◽  
The Impact ◽  
Development Prospects

Sustainability development is a core issue and policy-priority in China to meet the long-term ecological civilization and economic growth. In this paper, the sustainability of the 31 Chinese provincial-level administrative regions (provinces for short) was investigated using a composite sustainability indicator (CSI). The CSI was constructed by aggregating thirty sustainability indicators involving economic, social, and environmental dimensions hierarchically. Moreover, a piecewise mean range normalization method was developed for weakening the impact of outlier(s). The results indicate that further improvement of the provinces’ sustainability is needed, since only three provinces (accounting for 9.68%) showed better performance and development momentum, simultaneously. However, over half of the provinces showed comparatively optimistic sustainability prospect, indicating a possibility of further sustainability improvement in China under a positive and effective guidance. In terms of the individual provinces, the decline of the sustainability of Liaoning and Tianjin was significant whereas Anhui, Hunan, and Hubei showed more optimistic development prospects. For the four regions, Middle China was on the rise, the decline of Northeastern China was serious, and East China and West China showed better development, but they should also keep vigilance on the possible decline because of the decline of competitive advantages.

scholarly journals Perioperative complications and oncological outcomes following radical cystectomy among different racial groups: A long-term, single-center study

2019 ◽  
Vol 14 (10) ◽  
Author(s):  
Alireza Ghoreifi ◽  
Anirban P. Mitra ◽  
Jie Cai ◽  
Gus Miranda ◽  
Siamak Daneshmand ◽  
...  
Keyword(s):  
Radical Cystectomy ◽  
Racial Differences ◽  
Perioperative Complications ◽  
Clinical Stage ◽  
Time Interval ◽  
Racial Groups ◽  
Curative Intent ◽  
Oncological Outcomes ◽  
The Impact

Introduction: Current literature on perioperative and oncological outcomes following radical cystectomy among different racial groups is limited, especially among Hispanics and Asians. The objective of this study was to assess the impact of racial differences on perioperative and oncological outcomes in a large cohort of bladder cancer patients who underwent radical cystectomy. Methods: We retrospectively reviewed the records of 3293 patients who underwent radical cystectomy with curative intent at our institution between 1971 and 2017. Based on race, patients were categorized as Hispanic (n=190), Asian (n=145), African Americans (n=67), and Caucasian (n=2891). Baseline characteristics, pericystectomy complications, and oncological outcomes, including recurrence-free and overall survival, were compared between the racial groups. Results: Mean patient age was 68±10.6 years. Median followup was 10.28 years. Body masss index and American Society of Anesthesiologists scores were significantly higher in Hispanic and African American population, and smoking incidence was lower in Asian patients. Hispanics presented with significantly higher clinical stage and longer time interval from diagnosis to treatment (mean 85.5 vs. 75.4 days in Caucasians, p<0.001). Overall 90-day complication and readmission rates were higher in Hispanics (41.06% and 18.95%, respectively). Oncological outcomes, however, were comparable between different race groups. In multivariate analysis, pathological nodal status and lymphovascular invasion were independent predictors of oncological outcomes, but race was not. Conclusions: In this very large, ethnically diverse patient cohort who underwent radical cystectomy with curative intent, pericystectomy complications were more common in Hispanics; however, race was not an independent predictor of long-term oncological outcome.

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