ADVANCED
MANAGEMENT JOURNAL
VOLUME 66 NUMBER 4 AUTUMN 2001
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Applications of Technology and Risk Management
Since change is a fact of life in today's business world, managing
change is a crucial process. In any production, program management,
or operations research effort, it is important to recognize the roles of
technology and risk management and the interplay between them. Two
approaches for dealing with the risks inherent in technological change are
technical performance assessment and management process and a general risk
management process. These processes can help a company "steer
the ship" through change rather than just be a passenger on it.
Michael E. Thorn
From Raw Materials to Customers: Supply Chain Management in the
Service Industry
No man is an island and no company can operate without a supply
chain. Recent years have seen a change in the way many companies
manage their supply chains -- holistically rather than as a series of
separate pieces. Manufacturers have taken the lead in improving
supply chain management (SCM), but now the fast-growing service industry
is adopting these principles. A case study in the health care area
illustrates how service businesses can benefit from the decreased lead
times, faster product development, higher quality and reduced costs that
can accompany successful SCM.
Jack S. Cook, Kathy DeBree, and Amie Feroleto
Virtual Venturing and Entry Barriers: Redefining the Strategic
Landscape
virtual organizations are ones that rely extensively on outsourcing,
strategic alliances, and other forms of partnering to accomplish their
objectives. The core of the organization only keeps functions that
cannot be performed more efficiently another way. Virtual
organizations may have an advantage in overcoming competitive barriers to
entry in particular lines of business -- barriers such as economies of
scale, capitol requirements, access to distribution channels, product
differentiation, switching costs, cost disadvantages, and government
policies.
William M. Fitzpatrick and Donald R. Burke
The Write Stuff: What the Evidence Says About Using Handwriting
Analysis in Hiring
Attracting and retaining capable and motivated people is so important
to organizations today it is understandable that they will reach for
virtually any yardsticks or screening devices that help them with this
task. Some reach for handwriting analysis, or graphology.
However, research offers virtually no support for the use of graphology as
a valid tool. At best, it is only moderately reliable, at worst,
useless. There is basically no evidence of a direct link between
handwriting analysis and various measures of job performance.
Steven L. Thomas and Steve Vaught
The Hidden Force: A Critique of Normative Approaches to Business
Leadership
Whereas in capitalist theory, business people attend to the bottom
line, in normative theory they are cognizant of additional, moral
obligations that should enhance, not hurt, the bottom line. These
obligations are to the well being of workers, customers, and other
stakeholders. The most famous critic of normative approaches remains
Machiavelli, A review of some recent normative approaches leas us to
recognize that as compelling as the dream of an enlightened community is,
Machiavelli was also right in suggesting that it can be a dangerous
dream. Without profits, a business community cannot exist to be
enlightened.
Michale Harvey
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