In this paper we show that endogenous - i.e. market-generated - signals observed by the private sector have crucial implications for monetary policy. When informationis endogenous, achieving the optimum through price stabilization is elusive. The optimal policy then consists, on the contrary, in exacerbating the natural response of.prices to shocks. In our framework, where supply shocks are naturally deflationary, optimal policy is then countercyclical, whereas the standard price-stabilizing policy would have been procyclical. The role of endogenous signals is indep endent of the possibility of the central bank to directly communicate its private information through public announcements.
Mechatronics businesses has blossomed for some time, yet still exhibit potential for further growth and development. The objective here is to explore which challenges mechatronics businesses faces. The theory draws on operations strategy, mechatronics and business development. It includes performance indicators of mec hatronics business development . Five firms in Switzerland, were investigated. They operate within manufacturing machines and automation. High value innovation are crucial for competitiveness. The important performance indicators found included precision, s peed, productivity, flexibility reliability, speedy calibration and production costs. Two companies needed diversification and three independency of clients. We found close interconnectedness between mechatronic technical and business issues.
Les développements liés aux environnements de travail intelligents (ETI) ne cessent de s’étendre. L’utilisation des données issues des ETI pose de nombreuses questions éthiques. En nous fondant sur des travaux traitant de ces questions, nous avons réalisé une étude empirique sur l’attitude vis - à - vis de la mise en place d’ETI. Nous avons ainsi testé diverses hypothèses renvoyant à des concepts éthiques définis afin d’avoir une meilleure idée des points de tensions possibles lors du déploiement d’ETI. Les résulta ts ont montré que la perception de la mise en place d’un ETI dépend notamment de variables liées à la récolte et au contrôle des données. Au final, l ’affinement de la perception des enjeux éthiques soulevés par le développement des ETI devrait pouvoir serv ir à l’élaboration de recommandations afin d’éviter notamment que la mise en place de ce type d’environnements perpétue une asymétrie des pouvoirs et génère des mécompréhensions réciproques dans les organisations.
In this paper, we stud y team cohesion and leadership style of staff and managers working in a retirement home . We used two well - known questionnaires, the Group Environment Questionnaire (GEQ) and the Multifactor Leadership Questionnaire (MLQ), which we translated in French and validated. The GEQ and the MLQ were submitted respectively to the employees and the team leaders of the retirement home. Findings show that there is a significant link between a combin ed transformational - transactional leadership style and task cohesion in a team. On the other hand, there is no correlation between the leadership style and the team social cohesion. This suggests that appropriate leaders can help improving cohesion between members of the team in performing their tasks but are not sufficient to strengthen the friendly ties within the team.
Despite much attention interdisciplinary edu cations still struggle to make full foothold in higher education. This paper study how an interdisciplinary master education can become embedded in education institutions. Educational research and institutional theory is used to conceptualise the interdisciplinary aspect and institutional change work. The case, Innokick, is a new educat ion introduced in Switzerland. The education recruit enginee rs, business economists, and design b achelors. Cross disciplinary collaboration is central in the education as is close encounter with external enterprises and organisations that provide tasks for the students. The students develop prototypes of applications, produc ts, a business model and business plan. The research fieldwork encompassed interviews, study of documentation and participants’ observation. The study show how relatively low rank employees, the grunts, is left with realizing a strategy of making cross disciplinary, cross institutional and research based education. In an entrepreneurial spiri t the first semester showed how a strong culture developed yet many aspect under construction. Challenges include tightening the interdisciplinary teachers’ team, overcoming mono -disciplinary cultures at the involved education institutions, strengthening research a nd future employment for the students of the master.
The aim of this paper is to develop a typology of workers base d on work - life balance (WLB) or imbalance (WLI) and satisfaction about this (im) balance (SWLB) . For this purpose, we use the data available in the special module “Work, Family and Wellbe ing” of the European Social Survey 2010. Our a priori typology includ es seven categories, namely the “work - centered” (WLI in favor of work, high SWLB), the “ overworkers ” (WLI in favor of work, low SWLB), the “fulfilled - in - life” (well - balanced WLB, high SWL B) , the “work - increasers” and the “work - decreasers” (well - balanced WLB, low SWLB) , the “home - centered” (WLI in favor of private life, high SWLB) and the “hampered - by - private - life” (WLI in favor of private life, low SWLB) . We performed multinomial logistic regressions on the data. Results helped us establishing a profile of each type of workers. Work - centered have jobs requiring high qualifications and enjoy their work. “ Overworkers ” occupy also highly qualified positions bu t they less enjoy work and prioritize more their family life. “Fulfilled - in - life” rather enjoy their job, have a lower level of education and are more rarely managers or self - employed than the two previous categories. Finally, the “work - decreasers” are to be found more frequently among the female and younger people . Their jobs require a low level of education and their main task often relates to manual labor . They do not enjoy working and cannot find motivation at work. We did not find evidence for the remaining categories, namely the “w ork - increasers ”, the “ h ome - centered” and the “h ampered - by - private - life ”
Most p rior literature has argued that turnaround firms’ first objective is to focus on retrenchment activities that avoid a further deterioration of the firm decline situation. Once firm s ha ve ensured its short - term survival, the turnaround activities shift their focus towards recovery. How ever, recent turnaround studies have questioned this sequential process of retrenchment and recovery and argued for a simultaneous approach . Motivated by these results, we analyze turnaround behavior of 35 service firms during 2002 and 2003 . Our results confirm the combination of retrenchment and recovery for service turnarounds. This study responds to prior claims for more turnaround research in service firms and contribute s to a more thorough understanding of how to manage the conflicting tensions betw een retrenchment and recovery.
A commercial real estate asset which stands out in some fashion may be qualif ied either as “atypical” or “trophy.” Past studies suggest conflicting price impacts of the two qualities. We examine distinctive features of such assets that determine price premi ums or discounts associated with them. By geospatially enrich ing a dataset of nearly 5000 hotel transactions consolidated from two independent sources, w e detect asymmetric price implications across local ly versus national ly superlative features. In particular, locally largest hotels are discounted while the nationally largest ones enjoy premiums. High status of the locality leads to significant price premium after controlling for submarket effects. Also, news coverage is ass ociated with significant price premium.
A service experience corresponds to a soci al process in which the “production” involves both a provider and a client. Th is production process relies on the well- being of them both to ensure proper value creation. We posit that the link between well-being and value creation can thus also be studied from the risk management perspective (i.e. “ill-being” and “value destruction”). We employed an explorato- ry approach to build new theory. The study focused on the Geneva wealth man- agement service sector, which is in crisis . The results suggest that human risks in- fluencing “job demands and resources” (JD- R model) lead to ill-being and value destruction.
