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作者:Chao, Raul O.; Kavadias, Stylianos; Gaimon, Cheryl
作者单位:University of Virginia; University System of Georgia; Georgia Institute of Technology
摘要:The first step in transforming strategy from a hopeful statement about the future into an operational reality is to allocate resources to innovation and new product development (NPD) programs in a portfolio. Resource allocation and NPD portfolio decisions often span multiple levels of the organization's hierarchy, leading to questions about how much authority to bestow on managers and how to structure incentives for NPD. In this study, we explore how funding authority and incentives affect a m...
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作者:Smith, Gary; Levere, Michael; Kurtzman, Robert
作者单位:Claremont Colleges; Pomona College
摘要:We find that experienced poker players typically change their style of play after winning or losing a big pot-most notably, playing less cautiously after a big loss, evidently hoping for lucky cards that will erase their loss. This finding is consistent with Kahneman and Tversky's (Kahneman, D., A. Tversky. 1979. Prospect theory: An analysis of decision under risk. Econometrica 47(2) 263-292) break-even hypothesis and suggests that when investors incur a large loss, it might be time to take a ...
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作者:Siegel, Jordan I.; Larson, Barbara Zepp
作者单位:Harvard University
摘要:Although one of the central questions in the global strategy field is how multinational firms successfully navigate multiple and often conflicting institutional environments, we know relatively little about the effect of conflicting labor market institutions on multinational firms' strategic choice and operating performance. With its decision to invest in manufacturing operations in nearly every one of the world's largest welding markets, Lincoln Electric offers us a quasi-experiment. We lever...
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作者:Atkinson, Michael P.; Guetz, Adam; Wein, Lawrence M.
作者单位:United States Department of Defense; United States Navy; Naval Postgraduate School; Stanford University; Stanford University
摘要:We develop a dynamic model in which Operation Iraqi Freedom (OIF) servicemembers incur a random amount of combat stress during each month of deployment, develop posttraumatic stress disorder (PTSD) if their cumulative stress exceeds a servicemember-specific threshold, and then develop symptoms of PTSD after an additional time lag. Using Department of Defense deployment data and Mental Health Advisory Team PTSD survey data to calibrate the model, we predict that-because of the long time lags an...
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作者:Pang, Guodong; Whitt, Ward
作者单位:Columbia University
摘要:Large-scale service systems, where many servers respond to high demand, are appealing because they can provide great economy of scale, producing a high quality of service with high efficiency. Customer waiting times can be short, with a majority of customers served immediately upon arrival, while server utilizations remain close to 100%. However, we show that this confluence of quality and efficiency is not achieved without risk, because there can be severe congestion if the system does not op...
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作者:Guo, Liang
作者单位:Hong Kong University of Science & Technology
摘要:Firms normally disclose quality information to consumers using two alternative formats: either directly to consumers or indirectly through downstream retailers. This study investigates optimal disclosure strategies/formats in a channel setting with bilateral monopolies. It shows that retail disclosure leads to more equilibrium information revelation. This is because the manufacturer can, through wholesale price cuts, partially absorb the retailer's effective disclosure cost and thus increase t...
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作者:Olivares, Marcelo; Cachon, Gerard P.
作者单位:Columbia University; University of Pennsylvania
摘要:We study the following question: How does competition influence the inventory holdings of General Motors' dealerships operating in isolated U. S. markets? We wish to disentangle two mechanisms by which local competition influences a dealer's inventory: (1) the entry or exit of a competitor can change a retailer's demand (a sales effect); and (2) the entry or exit of a competitor can change the amount of buffer stock a retailer holds, which influences the probability that a consumer finds a des...
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作者:Kc, Diwas S.; Terwiesch, Christian
作者单位:Emory University; University of Pennsylvania
摘要:Much of prior work in the area of service operations management has assumed service rates to be exogenous to the level of load on the system. Using operational data from patient transport services and cardiothoracic surgery-two vastly different health-care delivery services-we show that the processing speed of service workers is influenced by the system load. We find that workers accelerate the service rate as load increases. In particular, a 10% increase in load reduces length of stay by two ...
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作者:Krishna, Aradhna; Rajan, Uday
作者单位:University of Michigan System; University of Michigan
摘要:The number of firms carrying a cause-related product has significantly increased in recent years. We consider a duopoly model of competition between firms in two products to determine which products a firm will link to a cause. We first test the behavioral underpinnings of our model in two laboratory experiments to demonstrate the existence of both a direct utility benefit to consumers from cause marketing ( CM) and a spillover benefit onto other products in the portfolio. Linking one product ...