Achievement Of Corporate Goals Research Articles

PENGARUH KERAMAHAN, KREDIBILITAS DAN CITRA KARYAWAN TERHADAP KEDEKATAN KARYAWAN DAN KEPUASAN NASABAH PRODUK TABUNGAN BANK KONVENSIONAL DI SURABAYA

World of banking is currently walks on rapid growth, so that this situation pushes the banking business to be a competitive and string. This reality can’t be denied so that each bank must use a variety of ways to gain public interest. Banks as financial institutions mainly provide saving services and distribute funds in a variety of alternative loans to the public also needs to focus on service performance to satisfy customers. It is the key for banking services be distinguished a bank with its competitors, so these variations show important role in achieving corporate goals. This research is aimed at determining the influence of the benevolence, credibility and image of bank’s employees toward the intimacy of bank’s employees and their customers. The banks researched were conventional banks including Mandiri, BNI, BRI, and BTN. The population surveyed was the customers of the four banks and the sample was framed using non-probability and purposive sampling focusing on a hundred saving customers. The data was gathered using questionnaires and processed using Structural equation Modeling (SEM). The result were: 1) benevolence did not significantly influence the employees and customers’ intimacy; 2) credibility significantly influenced the employees and customers’ intimacy; 3) image significantly influenced the employees and customers’ intimacy; 4) intimacy significantly influenced the employees and satisfaction. Key words: Benevolence, Credibility, Image, Intimacy, Customers Satisfaction

Building international strategic alliance capability: a case research-based insights

Capturing cross-business synergies is at the heart of corporate strategy. The subject is becoming important, as organisations are increasingly adopting the paths of strategic alliances and networks, to achieve corporate goals. The alliance partners’ arena represents one of the dimensions of strategic alliances. The partners could be from the same country or they could be from different countries. Indian business organisations are experiencing a major paradigm shift towards strategic alliances in response to increasing environmental turbulences. The purpose of the research is to see what factors contribute to build alliance capability. The inductive case development is to explore such variables which are important for success of strategic alliance. The case taken for research belongs to a subsidiary of India’s largest oil company. Using adapted model of qualitative research (SAP-LAP), case enquiry reveals external context and leadership-support and commitment are key determinants for alliance performance.

Personal vs. Corporate Goals: Why Do Insurance Companies Manage Loss Reserves?

This study analyses the determining factors of reserve errors in publicly listed property and casualty insurance companies in the U.S. This subject deserves special attention because the previous literature does not control for trade-offs between executive remuneration and other incentives regarding such insurers’ discretionary accounting choices. We find that insurance managers manipulate loss reserves to increase their stock-based remuneration and to achieve corporate goals particularly those goals that relate to reducing tax burdens and obscuring financial weakness. We also observe that enactment of the Sarbanes-Oxley Act has constrained the loss reserve underestimation and changed the structure of reserve error incentives.

Corporate Commitment to Sustainability – Is it All Hot Air? An Australian Review of the Linkage between Executive Pay and Sustainable Performance

Across time, companies have increasingly made public commitments to sustainable development and to reducing their impacts on climate change. Management remuneration plans (MRPs) are a key mechanism to motivate managers to achieve corporate goals. We review the MRPs negotiated with key management personnel in a sample of large Australian carbon‐intensive companies. Our results show that, as in past decades, the companies in our sample have MRPs in place that continue to fixate on financial performance. We argue that this provides evidence of a disconnection, or ‘decoupling’, between the sustainability‐related rhetoric of the sample companies, and their ‘real’ organisational practices and priorities.

Reinsurance Purchases, Contingent Commission Payments and Insurer Reserve Estimation

Prior studies on errors in reserve estimation suggest that insurers manage loss reserves to achieve corporate goals, including tax minimisation and income smoothing. Analysing U.S. property and casualty insurance industry data, we find a relationship between reserve errors and the purchase of reinsurance. A relationship is also found between reserve errors and the payment of contingent commissions. Since reserve errors may be costly in both instances, insurers who purchase reinsurance and those who pay contingent commissions may have a greater incentive to reserve accurately than other insurers. We find that in these cases insurers report smaller over-reserving errors.

The agency problem and the moderating role of culturally based management style on Chinese managers’ discretionary accruals

Upon completion of overseas acquisitions, Western firms typically hire Chinese locals or expatriates to run their Chinese operations. This action is an important consideration because a Western executive's managerial style may impact Chinese employee behavior differently than a Chinese executive's managerial style. Utilizing an experiment with Chinese managers as participants, we examine the effect of the agency problem (when both an incentive and opportunity to act in line with one's self-interest are present) on Chinese managers’ discretionary accrual decisions, as well as the role that their executives’ culturally based management style (Eastern versus Western) plays in affecting their propensity to manage earnings. We find that Chinese managers tend to override corporate concerns and recommend higher discretionary expense accruals in an effort to maximize their two-year bonus potential when the agency problem is present. Conversely, they tend to recommend lower discretionary expense accrual figures to help achieve corporate goals when the agency problem is not present. Interestingly, we also find that an executive's culturally based management style moderates the impact of the agency problem in that Chinese managers’ willingness to manage earnings across agency problem conditions is significantly more pronounced in the presence of a Western (U.S.) executive than in the presence of an Eastern (Chinese) executive.

Sustaining a Healthy Work Force in the 21st Century—A Model for Collaborating Through Reciprocation

Occupational health nurses are positioned to restore and maintain worker health, well-being, and safety, thereby increasing productivity. A model of practice is needed that provides a comprehensive worker-environment perspective. A model that incorporates reciprocation and collaboration increases workers' engagement in their own health action plan. It empowers workers and provides a broader multidimensional perspective on factors affecting or influencing their health. The Reciprocation Model has been designed using the nursing process; it incorporates reciprocation and collaboration to assist occupational health nurses improve or maintain worker health and safety, as well as achieve corporate goals of reducing on-the-job lost time and increasing productivity.

Applying the Self‐Determination Theory to Japanese Special Education Contexts: A Four‐Step Model

Abstract The authors describe what preparations they undertook before introducing self‐determination theory and its corresponding teaching model to the Japanese special education system for students with intellectual disabilities. The Japanese special education services are designed to nurture students to be individuals who are independent, know and exhibit preferences and interests, set and achieve goals, and possess a sense of achievement and self‐awareness. In this respect, the values embedded in the practices of the prevalent Japanese special education teaching model appear to substantially overlap with those of self‐determination. At the same time, Japanese education is designed to value corporate independence, corporate preferences and interests, setting and achieving corporate goals, and corporate sense of achievement and self‐awareness. The authors conclude that by focusing on these similarities when introducing the concepts and strategies underlying self‐determination to Japanese professionals it will help them operationalize what they have done, what they have tried to do, and what they are going to do. Further, by substituting the term “self” determination for “corporate” determination, the functional model of self‐determination and the corresponding teaching model can be applied to theorize or articulate the practices of Japanese special education that have been implemented on the basis of collectivism values.

Australian Environmental Alliances from an Environmental NGOs Perspective

Businesses have used alliances to share knowledge and resources amongst themselves to achieve corporate goals, yet little is written in the literature on how non-profit organizations manage alliances and what makes these alliances effective. This paper examines how Australian environmental non-governmental agencies (NGOs) perceive their alliances with other NGOs, profitbased organizations and governmental partners. To a large extent this paper replicates the work of Milne, Iyer and GoodingWilliams (1996) and includes measures of alliance effectiveness developed by Bucklin and Sengupta (1993). The findings suggest that Australian environmental NGOs use varying mechanisms to manage these alliance relationships, which is generally supported in the existing literature.

Learning for a purpose: building a corporate university

Considers the use of a corporate university, driven by the human resources department and adopted by operations. Uses action learning principles to achieve corporate goals. Puts forward the view that companies that utilize action learning principles will be market leaders in the future. Contends that the transition from “busy workers” to “busy learners” has begun.

'Stock Options as a Mean of Adding Value in Business Markets' - A Powerful Potential Communication Vehicle for Business Marketing Managers

In this paper, we argue that stock options are a highly effective marketing communications (marcoms) medium, which due to their influence on the profitability of the organization, possess characteristics that should be included in strategic marketing planning for financial and non-financial organizations. This study aims to test whether stock options can be used as a means for marketing strategists to build effective branding and loyalty programs. We argue that the strategic role of stock options in marketing decision-making adds value in business markets. Stock options play a unique role in marketing and in the achievement of corporate goals and targets. The study is supported by the findings of a questionnaire survey based on a sample of Greek companies, grouped into two categories. The first category consists of the most profitable organizations supplying business markets, listed on the Athens Stock Exchange (ASE) and the second consists of large financial organizations.

Stock options as a means of adding value in business markets: A powerful potential communication vehicle for business marketing managers

In this paper, the authors argue that stock options are a highly effective marketing communications (marcoms) medium, which due to their influence on the profitability of the organisation, possess characteristics that should be included in strategic marketing planning for financial and non-financial organisations. This study aims to test whether stock options can be used as a means for marketing strategists to build effective branding and loyalty programmes. It is argued that the strategic role of stock options in marketing decision making adds value in business markets. Stock options play a unique role in marketing and in the achievement of corporate goals and targets. The study is supported by the findings of a questionnaire survey based on a sample of Greek companies, grouped into two categories. The first category consists of the most profitable organisations supplying business markets, listed on the Athens Stock Exchange (ASE) and the second consists of large financial organisations.

The Operations and Maintenance Business Information Link: Information Technology for Performance Measurement

The U.S. Army Corps of Engineers water resources management programs have undergone changes during the past two decades, including a shift in emphasis from the construction of new projects to the operation and maintenance (O&M) of existing projects. Consequently, expenditures for new construction have fallen while the O&M of existing projects has claimed an increasing share of the total agency budget. Given the current outlook of declining fiscal resources, Corps managers have recognized a need to evaluate the way the organization is doing business. The Corps O&M program appropriated approximately $1.7 billion for fiscal year 1999 to support an inventory of more than 4,000 projects. The program is managed through 8 division and 38 district offices across the nation. The Operations and Maintenance Business Information Link (OMBIL) integrates national program performance measurement, starting with criteria gathered at the lowest level, the local water resource project. The overall impact on the O&M program is twofold: Frontline employees contribute directly to corporate performance measurement, ensuring a national effort to achieve corporate goals and objectives, and the management hierarchy is able to support users at all levels through this outcome-oriented process. The result is a modified business methodology that enables more efficient and effective decision making.

A model for optimizing performance based on reliability, life-cycle costs and other measurements

The shorter lives of products today simply do not leave room to fix problems later, correct design errors, iterate, or redesign products many times over for lowering costs or improving quality. A well-orchestrated process, not just a program, is required to achieve corporate goals and objectives. Optimization is often a balancing act. It is the balance between the goodness of products and services to the process and methodologies that are expended to produce them. This paper describes a heuristic-based model for optimizing performance based on a set of eight distinctive indicators including reliability, life-cycle cost and other measurements. A company is considered, in this paper, to have reached a world-class manufacturing status if the goodness of products and services far outweighs the cost of process and methodologies expended to realize the product. In this context, productivity is measured in this paper based on 'throughput' and 'operating expenses', not just based on 'inputs and outputs'.

The strategic use of information systems

Organisations are now investing heavily in information systems and information technology. However, there is a general dissatisfaction with the benefits that accrue from this investment. Argues that information systems and technology can be centrally instrumental in achieving corporate goals but only where the organisation has a clearly defined corporate and competitive strategy, and understands the information needs that underpin these strategies. Demonstrates the interrelationships between strategy and information systems.

A Model for the Classification of Information Kiosks in Singapore

The information kiosks of the past were dedicated machines, huge, costly, and designed mainly for the purpose of information retrieval and expensive to update. Today’s information kiosk, however, uses a multimedia PC which is housed in a close-fitting casing. Placed in public areas or exhibitions, interactive kiosks are increasingly being used to disseminate, access, process and collect information and/or perform transaction (financial or non-financial). This paper examined the various types of information kiosks implementation in Singapore. A model in a form of a matrix is designed to map the various types of information kiosks. This matrix has 4 sectors with two dimensions, i.e. information dissemination (low versus high) and transaction (low versus high). Low information dissemination kiosk means that the information provided requires infrequent changes or updates and it has structured query, usually guided by screen buttons. High information dissemination kiosk requires frequent changes to the information provided to users and users can perform semi-structured query, usually via a keyboard. Low transactional capability kiosk performs no transaction at all or it just accepts money during the transaction, e.g. car park kiosk. High transaction capability kiosks on the other hand enable users to access and update on-line databases on top of their transaction which may require personal identification. The four sectors are categorized as Type 1, Type 2, Type 3 and Type 4 kiosk. Type 1 refers to Low transaction/Low information kiosk, Type 2 refers to High Transaction kiosk, Type 3 refers to Pure Information Dissemination kiosk and Type 4 refers to High Transaction/High Information kiosk. In order for organizations to understand how kiosk technology can be employed in their industries to achieve corporate goals, Cash and McFarlan’s two-dimensional table is adapted as a framework. This framework is useful because it allows the CEO to know exactly where the resources (IT expenditures) are allocated with the most growth potential. As a result, we adapted the framework for our analysis. Lastly, the paper discusses on a typical kiosk configuration and some guidelines are recommended for consideration during kiosks implementation. Future research areas on kiosks implementation are also highlighted in the concluding remarks.

Stochastic-Optimization Annealing of an Intelligent Open Pit Mine Design

Optimized pit layouts are used to extract mineable reserves with minimum waste under geological, geotechnical and property boundary constraints and to develop strategic and tactical production plans for achieving corporate goals. Pit design and optimization algorithms are limited in dealing with the random field properties of these layouts resulting in sub-optimal results. Database changes require complete rerun of these algorithms resulting in long CPU times with no allowance for incorporating operating strategies. In this study, the authors develop an intelligent pit optimizer, IPOP, to solve these problems. It combines stochastic models of ore reserves and commodity prices to generate economic block and target values. The error backpropation algorithm is used to train the neural network for block pattern recognition and partitioning based on the target values. The PITSEARCH program is then used to search for the optimized layout under the pit slope constraints. Stochastic-optimization annealing is carried out to examine the random field properties of the optimized pit value. IPOP is used to optimize Section SBHP 860001 of the Sabi open pit in Zimbabwe, and the results are compared with that from the 2D Lerchs-Grossmann's algorithm. The two algorithms yield the same value of Z$3.58 million for the optimized Section SBHP 860001. In addition, IPOP provides analysts with the risks associated with the optimized value of this section with a reduced CPU time.

Idea management: Restructuring technology-based research to help achieve corporate goals

In order for some technology-based companies to continue to compete, they must consider changes and improvements in the mechanism(s) by which new ideas are generated and transformed into putative products. The manner in which technology-based research is currently organized in most companies and the multiple demands of the duties assigned to the Group Leader often dictate that new product development initiation is the task to which he or she gives the least attention. A re-design of the technology-based business process of collecting ideas for novel and profitable products is implicit in SCIMAX (short for SCientific Idea Management and Assessment Extension). SCIMAX provides a mechanism for either acting on new ideas or storing them for future reference. Once a putative target is found to be commercially and scientifically valid (according to SCIMAX), as well as technically feasible (by the Exploratory Group), it can be presented to upper management for consideration as a legitimate target. Restructuring technology research to implement an idea management system such as SCIMAX would require a relatively minor effort on part of the corporate management.

Market Based Management™*—A Key to Nucor's Success

Ken Iverson, CEO of Nucor Corporation, transformed Nucor from the virtually worthless corporate shell that it was when he took over as president in 1966 into a Fortune 500 giant with current shareholder value in excess of $5 billion. How did Iverson do it? What are the secrets to his outstanding success?This article argues that an important part of the answer is Market Based Management, a relatively new set of management values and practices that aims to bring the power of a free‐market society inside companies. Stated in brief, Market Based Management attempts to replace the traditional “command‐and‐control” management approach with decentralized decision‐making that is designed to make full use of employees' “specific knowledge.” Employees' expanded decision‐making authority is reinforced by a powerful incentive compensation system that rewards them handsomely for achieving corporate goals. The result, according to the authors, is highly motivated employees who “take ownership” for their role in contributing to the success of the enterprise.

A Worksite Health Promotion Model for Public Schools

Over the past several decades worksite-based health promotion efforts have slowly evolved. Although there are no standard program components common to all corporate programs, it is generally accepted that comprehensive, effective health promotion programs include corporate culture modification, social marketing efforts, and health promotion programming activities. These programs are designed to help employees develop positive health behaviors to achieve corporate goals such as improving morale and productivity, and reducing health care cost and rates of absenteeism. Similarly, all states have mandated some form of health education programming also designed to help students develop and maintain behaviors conducive to health. Although the ultimate goals of these programs are similar (to encourage the adoption or maintenance of healthy lifestyle behaviors), the methods used to achieve these goals are often quite disparate. The purpose of this article is to propose a different approach to school health education, one that implements the key features of the worksite health promotion model to improve student health.