scholarly journals Current practice with regard to short-term incentive schemes for middle managers

2007 ◽  
Vol 5 (1) ◽  
Author(s):  
Chrisilla Grigoiadis ◽  
Mark Bussin
Keyword(s):  
Business Performance ◽  
Current Practice ◽  
Middle Managers ◽  
Superior Performance ◽  
Incentive Scheme ◽  
Perceived Effectiveness ◽  
Short Term ◽  
Design Elements ◽  
Incentive Schemes ◽  
Research Survey

This study aimed to determine what the current practice is with regard to short-term incentive schemes for middle managers. This was done by means of a quantitative study through a structured research survey completed by a sample of forty-eight organisations. The design elements, performance measures and payout practices of the various schemes in use were surveyed, as well as the participants’ view on the perceived effectiveness of their short-term incentive schemes. Evidence shows that the majority of organisations have a short-term incentive scheme in place for middle managers, and that the type of scheme used in most of the organisations is a performance-related bonus scheme, introduced mainly to drive business performance and reward superior performance.

Pengembangan Kemitraan Koperasi, Usaha Mikro Dan Kecil (KUMK) Dengan Usaha Menengah/Besar Untuk Komoditi Unggulan Lokal

2019 ◽  
Vol 9 (1) ◽  
pp. 53-66 ◽  
Author(s):  
Dandan Irawan
Keyword(s):  
Business Performance ◽  
The Other ◽  
Economic Conditions ◽  
Small Enterprises ◽  
Business Partnerships ◽  
Short Term ◽  
Business Partnership ◽  
Structure Factors ◽  
Micro And Small Enterprises ◽  
Business Entities

Basically a natural partnership will achieve its goal if mutual requirements, mutual reinforcement, and mutual benefit can be maintained and made a strong fundamental commitment among partners. Nevertheless the development seems very slow. The cause is the presence of specific and different conditions and structure factors compared to other countries. Along with that, we still encounter various forms of gaps, such as inequality among regions, among income groups, between sectors, among economic actors, and so forth. The next problem is that in business entities including cooperatives and micro and small enterprises in running their business activities requires business partnerships with medium and large enterprises in order to improve business performance and business scale. While on the other hand our economic conditions and structures are not yet fully conducive to fostering partnerships based on purely business considerations or competitive market motivations but the business partnership of the foundation is strong enough in our country's constitution. Partnerships will work if partners are equally benefiting. Our concept of partnership is like that, although in the short term, there is a party or a party benefiting more from the other side.

scholarly journals Equivalence Testing for Regression Discontinuity Designs

2020 ◽  
pp. 1-17
Author(s):  
Erin Hartman
Keyword(s):  
Political Science ◽  
Current Practice ◽  
Regression Discontinuity ◽  
Regression Function ◽  
Superior Performance ◽  
Equivalence Testing ◽  
Simulation Studies ◽  
Equivalence Tests ◽  
Regression Discontinuity Designs ◽  
Testing Approach

Abstract Regression discontinuity (RD) designs are increasingly common in political science. They have many advantages, including a known and observable treatment assignment mechanism. The literature has emphasized the need for “falsification tests” and ways to assess the validity of the design. When implementing RD designs, researchers typically rely on two falsification tests, based on empirically testable implications of the identifying assumptions, to argue the design is credible. These tests, one for continuity in the regression function for a pretreatment covariate, and one for continuity in the density of the forcing variable, use a null of no difference in the parameter of interest at the discontinuity. Common practice can, incorrectly, conflate a failure to reject evidence of a flawed design with evidence that the design is credible. The well-known equivalence testing approach addresses these problems, but how to implement equivalence tests in the RD framework is not straightforward. This paper develops two equivalence tests tailored for RD designs that allow researchers to provide statistical evidence that the design is credible. Simulation studies show the superior performance of equivalence-based tests over tests-of-difference, as used in current practice. The tests are applied to the close elections RD data presented in Eggers et al. (2015b).

scholarly journals Driving Stress Detection Using Multimodal Convolutional Neural Networks with Nonlinear Representation of Short-Term Physiological Signals

Sensors ◽  
2021 ◽  
Vol 21 (7) ◽  
pp. 2381
Author(s):  
Jaewon Lee ◽  
Hyeonjeong Lee ◽  
Miyoung Shin
Keyword(s):  
Neural Networks ◽  
Convolutional Neural Networks ◽  
Traffic Accidents ◽  
Physiological Signals ◽  
Superior Performance ◽  
Short Term ◽  
Input Signals ◽  
Skin Response ◽  
Novel Method ◽  
Fully Connected

Mental stress can lead to traffic accidents by reducing a driver’s concentration or increasing fatigue while driving. In recent years, demand for methods to detect drivers’ stress in advance to prevent dangerous situations increased. Thus, we propose a novel method for detecting driving stress using nonlinear representations of short-term (30 s or less) physiological signals for multimodal convolutional neural networks (CNNs). Specifically, from hand/foot galvanic skin response (HGSR, FGSR) and heart rate (HR) short-term input signals, first, we generate corresponding two-dimensional nonlinear representations called continuous recurrence plots (Cont-RPs). Second, from the Cont-RPs, we use multimodal CNNs to automatically extract FGSR, HGSR, and HR signal representative features that can effectively differentiate between stressed and relaxed states. Lastly, we concatenate the three extracted features into one integrated representation vector, which we feed to a fully connected layer to perform classification. For the evaluation, we use a public stress dataset collected from actual driving environments. Experimental results show that the proposed method demonstrates superior performance for 30-s signals, with an overall accuracy of 95.67%, an approximately 2.5–3% improvement compared with that of previous works. Additionally, for 10-s signals, the proposed method achieves 92.33% classification accuracy, which is similar to or better than the performance of other methods using long-term signals (over 100 s).

The Link Between Learning Capability and Business Performance in MNEs

2010 ◽  
pp. 160-176
Author(s):  
Isabel M. Prieto ◽  
Elena Revilla
Keyword(s):  
Financial Performance ◽  
Competitive Advantage ◽  
Business Performance ◽  
Knowledge Bases ◽  
Learning Processes ◽  
Superior Performance ◽  
Host Countries ◽  
Learning Capability ◽  
Knowledge Resources ◽  
Dimensions Of Learning

It is widely recognized that the development of learning capability is key to achieve a durable competitive advantage. This is especially true in the context of MNEs. When MNEs operate in disparate host countries, they enhance their knowledge bases, capabilities, and competitiveness through learning processes. The analysis of the relevance of learning capability to improve business performance and, thus, the organizational competence has been an important issue developed in literature. This chapter explains the link between learning capability and the improvement of business performance by comparing how the main dimensions of learning capability –knowledge resources and learning processesimpacts on performance, in terms of both non-financial and financial performance. It is argued that those MNEs with the highest levels in both their knowledge resources and learning processes obtain a superior performance.

Hearing the Beat

2016 ◽  
Vol 34 (1) ◽  
pp. 56-70 ◽  
Author(s):  
Kathleen M. Einarson ◽  
Laurel J. Trainor
Keyword(s):  
Cognitive Skills ◽  
Short Term Memory ◽  
Superior Performance ◽  
Auditory Stimuli ◽  
Perceptual Sensitivity ◽  
Short Term ◽  
Term Memory ◽  
Phase Errors ◽  
The Relationship ◽  
Better Than

Adults can extract the underlying beat from music, and entrain their movements with that beat. Although infants and children are poor at synchronizing their movements to auditory stimuli, recent findings suggest they are perceptually sensitive to the beat. We examined five-year-old children’s perceptual sensitivity to musical beat alignment (adapting the adult task of Iversen & Patel, 2008). We also examined whether sensitivity is affected by metric complexity, and whether perceptual sensitivity correlates with cognitive skills. On each trial of the complex Beat Alignment Test (cBAT) children were presented with two successive videos of puppets drumming to music with simple or complex meter. One puppet’s drumming was synchronized with the beat of the music while the other had either incorrect tempo or incorrect phase, and children were asked to select the better drummer. In two experiments, five-year-olds were able to detect beat misalignments in simple meter music significantly better than beat misalignments in complex meter music for both phase errors and tempo errors, with performance for complex meter music at chance levels. Although cBAT performance correlated with short-term memory in Experiment One, the relationship held for both simple and complex meter, so cannot explain the superior performance for culturally typical meters.

The effect of total quality management-enabling factors on corporate social responsibility and business performance: evidence from Vietnamese coffee firms

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manh-Hoang Do ◽  
Yung-Fu Huang ◽  
Thi-Nga Do
Keyword(s):  
Corporate Social Responsibility ◽  
Quality Management ◽  
Social Responsibility ◽  
Total Quality Management ◽  
Business Performance ◽  
Superior Performance ◽  
Total Quality ◽  
Enabling Factors ◽  
Content Type ◽  
Corporate Social

PurposeThis article aims to evaluate total quality management (TQM)-enabling factors' impact on corporate social responsibility (CSR) activities and business performance through evidence from Vietnamese coffee firms.Design/methodology/approachBased on collecting data via in-depth face-to-face interviews with employees, who are working in the Vietnamese coffee companies. The partial least squares structural equation modeling (PLS-SEM) approach has been employed to investigate the relationship among the TQM-enabling factors, corporate social performance (CSP) and business performance.FindingsA total of 13 TQM-enabling factors have been identified and divided into two categories, namely human and functional. The statistical results revealed a positive signal to remarkably enhance CSP and business performance by adopting those TQM-enabling factors into Vietnamese coffee firms.Research limitations/implicationsThe framework model of this research should be evaluated in different contexts worldwide or in another sector that can further identify the TQM-enabling factor and the correlation among these constructs.Practical implicationsThis article provides top managers of Vietnamese coffee firms with knowledge of TQM-enabling factors that may enable them to meet superior performance, including CSP, finance and reputation.Originality/valueThis is a unique study to employ the approach into the Vietnamese coffee industry context up-to-date, which is one of the essential sectors affecting Vietnam's sustainable development.

scholarly journals Developing Deep Survival Model for Remaining Useful Life Estimation Based on Convolutional and Long Short-Term Memory Neural Networks

2020 ◽  
Vol 2020 ◽  
pp. 1-12
Author(s):  
Chia-Hua Chu ◽  
Chia-Jung Lee ◽  
Hsiang-Yuan Yeh
Keyword(s):  
Neural Networks ◽  
Short Term Memory ◽  
Survival Model ◽  
Remaining Useful Life ◽  
Superior Performance ◽  
Short Term ◽  
Term Memory ◽  
Useful Life ◽  
Long Short Term Memory ◽  
Prediction Approach

The application of mechanical equipment in manufacturing is becoming more and more complicated with technology development and adoption. In order to keep the high reliability and stability of the production line, reducing the downtime to repair and the frequency of routine maintenance is necessary. Since machine and components’ degradations are inevitable, accurately estimating the remaining useful life of them is crucial. We propose an integrated deep learning approach with convolutional neural networks and long short-term memory networks to learn the latent features and estimate remaining useful life value with deep survival model based on the discrete Weibull distribution. We conduct the turbofan engine degradation simulation dataset from Commercial Modular Aero-Propulsion System Simulation dataset provided by NASA to validate our approach. The improved results have proven that our proposed model can capture the degradation trend of a fault and has superior performance under complex conditions compared with existing state-of-the-art methods. Our study provides an efficient feature extraction scheme and offers a promising prediction approach to make better maintenance strategies.

scholarly journals The Effectiveness of Incentive Schemes in the Presence of Implicit Effort Costs

2019 ◽  
Vol 65 (9) ◽  
pp. 4063-4078 ◽  
Author(s):  
Sebastian J. Goerg ◽  
Sebastian Kube ◽  
Jonas Radbruch
Keyword(s):  
Decision Analysis ◽  
Work Performance ◽  
Laboratory Experiments ◽  
Incentive Contracts ◽  
Incentive Scheme ◽  
Incentive Schemes ◽  
Outside Options ◽  
Real Effort ◽  
The Cost

Agents’ decisions to exert effort depend on the incentives and the potential costs involved. So far, most of the attention has been on the incentive side. However, our laboratory experiments underline that both the incentive and the cost side can be used separately to shape work performance. In our experiment, subjects work on a real-effort slider task. Between treatments, we vary the incentive scheme used for compensating workers. Additionally, by varying the available outside options, we explore the role of implicit costs of effort in determining workers’ performance. We observe that incentive contracts and implicit costs interact in a nontrivial manner. In general, performance decreases as implicit costs increase. Yet the magnitude of the reaction differs across incentive schemes and across the offered outside options, which, in turn, alters estimated output elasticities. In addition, comparisons between incentive schemes crucially depend on the implicit costs. This paper was accepted by Yan Chen, decision analysis.

scholarly journals How entrepreneurs think: financial decisions for the long or short term

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jonas Debrulle ◽  
Johan Maes ◽  
Elliroma Gardiner
Keyword(s):  
Intrinsic Motivation ◽  
Business Performance ◽  
Extrinsic Motivation ◽  
Structured Interviews ◽  
Short Term ◽  
Return On Assets ◽  
Content Type ◽  
Financial Decisions ◽  
Start Up ◽  
New Business

Purpose The purpose of this paper is to suggest that different start-up motivations make entrepreneurs pursue different kinds of new business performance, which in this study are expressed in financial terms (i.e. return on assets). The authors posit that so-called extrinsic motivation urges entrepreneurs to be more short-term oriented, while their intrinsic motivation encourages a longer-term business vision. Additionally, this paper explores how intrinsic and extrinsic entrepreneurship motivations combine and produce financial dilemmas for entrepreneurs. Design/methodology/approach The analyses are based on 300 entrepreneurs across diverse industries in Belgium. Data was collected for this study through structured interviews with entrepreneurs combined with a company questionnaire. Financial data was obtained through a government database. Findings Results confirm that extrinsic entrepreneurship motivation boosts new business short-term financial performance, whereas intrinsic motivation contributes to the firm’s longer-term financial returns. This paper also shows that a mix of intrinsic and extrinsic motivations directs entrepreneurs toward different profitability levels during the organization’s survival and early-establishment phase. Originality/value Research on entrepreneurship has not yet corroborated that motivations can be personally conflicting, thereby saddling the entrepreneur with dilemmas that may manifest into different levels of business performance.

scholarly journals The Perceived Effectiveness of a Short-term Orthopaedic Foot and Ankle Mission Trip to Kenya

2020 ◽  
Vol 5 (4) ◽  
pp. 2473011420S0023
Author(s):  
Eric C. Gokcen ◽  
Joshua C. Luginbuhl ◽  
Joshua C. Luginbuhl
Keyword(s):  
Orthopaedic Surgery ◽  
Ankle Instability ◽  
Foot And Ankle ◽  
Perceived Effectiveness ◽  
Educational Impact ◽  
Short Term ◽  
Surgical Mission ◽  
Ankle Surgery ◽  
Orthopaedic Residency ◽  
The Impact

Category: Other Introduction/Purpose: Short-term surgical mission trips have become increasingly common, with many benefits seen by the hosts and the visitors when trips are done properly. However, few visitors ever attempt to measure the impact of their visit other than to list the surgeries that were performed. This study was performed to determine the perceived educational impact on orthopaedic attendings and residents of a Kenyan internationally accredited orthopaedic residency program and to determine the hosts’ opinions on the effectiveness of orthopaedic short-term trips. Methods: A survey was developed and distributed to four host attending surgeons and 9 host residents at the beginning of an orthopaedic mission trip. The visitors included four attending orthopaedic foot and ankle surgeons from various US sites, and two orthopaedic surgery residents from one US program. Using a scale from 1-10, with 1 meaning definitely No, and 10 meaning definitely Yes, hosts were asked if they felt there was a need for more foot and ankle training in Kenya. A post-trip survey was distributed to the host attendings and residents to determine perceived competency in five topics of foot and ankle pathology. Results: When hosts were asked if they felt there was a need for more foot and ankle training in Kenya, attendings responded an average 8.3, and residents 9.4. When asked if a short-term trip would improve foot and ankle care for the community, attendings responded 7.8, and residents 7.9. A post-trip survey was completed by one attending and 3 residents to determine their perceived competency in five topics of foot and ankle pathology. Overall, they averaged an increase of +2.0 on the scale in their competency for all topics. The highest increase was with ankle instability and hallux valgus at +3.0, and the lowest increase was with Achilles pathology at +0.75. Conclusion: The survey supported the hypothesis that short-term orthopaedic foot and ankle surgery trips to this program are helpful according to the hosts. Furthermore, understanding the competencies of the hosts can help the visitors develop more impactful teaching by focusing on the topics of need. Further studies such as this should be routinely performed with medical trips to help determine their effectiveness.

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