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Perceived Market/Government Influences, Politics and Justice in Chinese Organizations
Jie Li, Lawrence Gales, Minli Yi, Hu Hu
Front Bus Res Chin. 2011, 5 (4): 490-511.
https://doi.org/10.1007/s11782-011-0142-3
Although government intervention in economies has been widely debated lately, the extent to which government and market affect employees’ perceptions about their organization remains inadequately discussed. We took the initial steps to create measures of perceived government influence and perceived market influence, and examined how they might be associated with organizational politics and justice in Chinese organizations. Using structural equation modeling, we found that perceived market influence and perceived government influence had opposing impacts on organizational justice mediated by perceived organizational politics. Additionally, results indicated that firm type (state-owned vs. private) did not affect organizational politics, nor did it moderate the relationships between perceived market/government influences and perceived organizational politics.
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Investor Behavior and Volatility of Futures Market: A Theory and Empirical Study Based on the OLG Model
Yun Wang, Zongcheng Zhang, Renhai Hua
Front Bus Res Chin. 2011, 5 (4): 512-536.
https://doi.org/10.1007/s11782-011-0143-2
Investor trading behaviors are always an important issue in behavioral finance and market supervision. This study examines the relationship between investor behavior and future market volatility. We first introduce a two-period OLG model into the futures market, and develop an investor behavior model based on future contract price. We then extend the model to two scenarios: complete and incomplete information. We provide the equilibrium solution, and develop two hypotheses, which are tested with cuprum tick data in Shanghai Futures Exchange (SHFE). Empirical results show that the two-period OLG model for future market is consistent with the market situation in China. More specifically, investors with sufficient information such as institutional investors usually adopt the contrarian trading strategy, whereas investors with insufficient information, e.g., individual investors, usually adopt the momentum trading strategy. These findings reveal that investor behaviors in the Chinese futures market are different from those of in the Chinese stock market.
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Network Architecture and Firm Performance: A Resources-Based View
Qin Wang, Shanxing Gao
Front Bus Res Chin. 2011, 5 (4): 559-579.
https://doi.org/10.1007/s11782-011-0145-0
Previous studies have investigated alliance networks primarily from two alternative views, a relational view that focuses on the “strength of strong/weak ties,” or a structural view that refers to a firm’s position and structural embeddedness. We posit a firm’s network architecture, i.e., the portfolio of strong/weak ties, influences its conduct and performance. From a resource-based view, the network architecture itself could be a source of sustained competitive advantage. We argue that both network architecture and duration of a firm can enhance its performance. However, their effects and the interaction are contingent on different performance outputs. Using strategic alliance networks data from a survey of the manufacturing industry in China, we examine the performance implications of network architecture. Results suggest that benefits from networks may evolve with network duration, hence firms should search for optimal network configurations. By integrating an alliance portfolio, firms with dual network architectures can enjoy both the strengths of strong ties and weak ties and avoid the risks inherent in a pure strong/weak-tie network.
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A New Organization’s Breaking out of Cocoon: Advantech’s Dilemma in Building a “Direct Marketing Force”
Fengbin Wang, Zhexiong Tao, Bin Li, Niaoyun Shi
Front Bus Res Chin. 2011, 5 (4): 597-618.
https://doi.org/10.1007/s11782-011-0147-y
Focusing on the recognition and resolution of conflicts between newly-created business units and existing ones, this teaching case depicts the reasons, process, and problems in Advantech’s creation and management of its direct marketing force (DMF) during the company’s changing from a multinational corporation (MNC) to a globally integrated enterprise (GIE). It also describes the designed structure and business processes of DMF, and shows the underlying conflicts among the channel sales force (CSF), key account sales force (KASF) and DMF. Also demonstrated in the case are the methods Advantech adopted to solve the conflicts, including seeking a good combination of the traditional “spider” and “starfish” models, reconciling between centralization and decentralization, creating a crossover-collaboration mechanism among different divisions, and promoting a knowledge sharing system across different regions.
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Strategy Transition and Marketing Innovation of a Vertical Search Engine: The Case of Kuxun Company
Lin Jiang, Yadan Zhang, Xun He, Haijun Zhang, Jun Kang, Bo Zhang
Front Bus Res Chin. 2011, 5 (4): 619-634.
https://doi.org/10.1007/s11782-011-0148-x
Kuxun is an online travel search company in China. This paper describes the transition and innovation of the company’s marketing strategy, from comprehensive information search to online travel search. It shows how Kuxun has successfully achieved strategic market transition from “all-round” to “specialized” through efficient market segmenting, targeting, and positioning (STP). The case also illustrates how Kuxun has become the top brand of Chinese online travel search by carrying out various types of innovative network marketing,including interactive experience marketing, precision marketing, and cooperative marketing.
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8 articles
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