Business planning is not a punishment or a make work exercise. It is the process for establishing the foundation upon which an organization is to pursue its vision, goals and objectives. A business plan, properly developed, provides the roadmap for success. The author believes this is lost on most IT...
The author has often been asked, "What is the biggest mistake you've made in your business?" And the first one that comes to mind was not creating and selling products much sooner. He was in business for years and years before he created his first product. Up to that point...
This paper proposes that diversification reduces the value of specialized organizational capital by altering firms' routines, formal contract structures and strategies. The author tests the proposition that diversification creates organizational adaptation costs using rich, novel microdata on taxicab firms from the Economic Census before and after a diversification wave into...
This paper focuses on a specific financial reporting practice that has contributed to the Title insurance industry's failure to communicate the unique characteristics associated with its loss containment activities. The author believes that communication can be enhanced if both parties, the Title industry and its regulators, address and acknowledge the...
While the asset pricing literature has provided empirical evidence for broad samples of firms that information risk is priced of information risk in a newly public firm has not been explored. The author argues that it is hard for investors to assess the information risk of newly public firms due...
A diverse arsenal of modeling instruments is necessary to capture and properly describe complex business needs of a modern enterprise. Accordingly, it is important to select a standard notation for business modeling efforts that provides analysts with a variety of modeling instruments. A persuasive case for using Business Process Modeling...
The authors' construct and test a new model of employer-provided health insurance provision in the presence of adverse selection in the health insurance market. In their model, employers cannot observe the health of their employees, but can decide whether to offer insurance. Employees sort themselves among employers who do and...
The weak response by the uninsured to policy initiatives encouraging voluntary enrollment in health insurance has raised concerns regarding the extent to which the uninsured value health insurance. To address this issue, data is used from the 2001 Medical Expenditure Panel Survey to examine the association between health insurance preferences...
For years people have been hearing the real estate mantra of "Location, location, location," but is that really what drives the success of an investment? The author agrees with the pundits that one can charge more rent at a better location and potentially have more return. Perhaps a person's vacancies...
Implementing Supply Chain Strategy is a lot like trying to solve a Rubik's Cube puzzle; the objective of the puzzle is to twist layers of multi colored squares in such a way that each of the six faces of the cube contains all the squares of one color. The author...
U.S. defense policy encourages the use of dual sourcing to reduce government procurement costs, but theoretical work raises doubts about the benefits of this policy. The author studies the determinants of dual sourcing and its effects on government procurement costs using a panel dataset of tactical missiles. He finds dual...
This paper describes the design and evaluation of Southampton- Supply Chain Management SCM, the runner-up in the 2005 International Trading Agent Supply Chain Management Competition TAC SCM. In particular, the author's focus on the way in which the agent purchases components using a mixed procurement strategy (combining long and short...
Information Lifecycle Management ILM is a sustainable storage strategy that balances the cost of storing and managing information with its business value. This report is the result of a benchmark study assessing the maturity of over 900 IT organizations in North America and Western Europe. The author's present the overall...
For 2006, the author presents what he believes is an underpinning essential truth of Business Process Management that will impact everyone for decades to come. The author believes that BPM is a potential, and probable, paradigm shift in the way that people do business, the way people think about their...
Counterfeit and imitative products appear similar to authentic products but usually have lower quality. However, unlike imitation, counterfeiting infringes upon intellectual property rights by claiming a brand name that it does not own. The author models the pricing, quality, and marketing strategies of producers of authentic and counterfeit goods in...
Product Development PD is a crucial capability in many markets, therefore, it is essential to understand how this capability can be built and sustained. Building on case studies of development of two software products at a large firm, this paper explores the interaction among the PD process, the underlying architecture...
In this paper, the author argues that CEOs' sense of familiarity with segments has an impact on their divestiture decisions. CEOs may be more confident on segments they are familiar with and thus may overestimate the future returns and underestimate the risk of these segments. Based on these characteristics of...
When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of capital? The answer, based on a simple model of temporary equilibrium, is that ex post is better in theory. In practice researchers usually calculate ex post user costs by...
In Fall 1998 the Federal Reserve Bank ("Fed") arranged a bailout of the massive hedge fund, Long Term Capital Management LTCM, which faced the prospect of immediate liquidation if it filed a petition under Chapter 11 of the Bankruptcy Code. Although the Code generally prevents creditors from seizing assets of...
In this paper the author presents three challenges that he believes we face today as system developers, and from those challenges he hopes to demonstrate that this is a really useful paper or at least is addressing some important questions that are in the air right now. The author perhaps...
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