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This chapter provides some perspectives on decision-making and the role that it should play in your life to be most useful. Specific topics concern the misnomer of “objective decision-making, ” the inappropriateness of trying to optimize your decisions, the appropriate amount of time you should spend making decisions and how that time should be allocated, the importance of avoiding poor life-limiting decisions, the implications of your decisions on an untimely death, and how being spontaneous and enjoying your life fits in with your decision-making. There is also a summary of the types of personal nudges that you can create and use to guide you to make better decisions.
The changing nature of work is both a local and global phenomenon. Globalization has enabled individuals with skills and talents to work in knowledge-intensive cities where they can interact with one another. The competencies rewarded by global organizations require global acumen, multicultural fluency, technological literacy, entrepreneurial skills, and the ability to manage in increasingly far-flung, de-layered, disaggregated organizations. A different sort of social structure is needed to support this type of worker. There is a shortage of such individuals in specific sectors and a global effort to find, develop, and retain talented workers who can move organizations forward. This chapter will look at recent research on the globalized workforce with an effort to understand the development, recruitment, and training of talent to implement strategic or technological innovation. We will look at current research on global talent management, HR management and organizational behavior as it relates to global work, and growing restrictions on the free flow of global work. Will we continue to see further extension of the globalized workforce, or enter a new era of privileged access to markets based less on workplace talent than on citizenship, ethnicity, religion, and other factors?
The dispute settlement system is a costly and burdensome process that may be worth turning to only in cases of high trade losses. It is arguably in any country’s interest to avoid disputes. Building on the premise that disputes intervene only as a last resort, Chapter 7 explores the reasons that explain the difficulty to ‘climb’ the disputing pyramid. Based on pre-existing literature, it identified three general factors to explain WTO Members’ access to WTO adjudication: Members are likely to bring disputes as long as they have information, resources, and they lack alternative fora to solve the conflict. This serves as a basis for arguments in the subsequent chapter about the possible roles for transparency in accessing formal dispute settlement.
There is a paucity of research exploring the use of local facilitators in cross-cultural research in Chinese cultural contexts and the impact this may have on data generation and knowledge creation. Addressing this gap, this paper critically reflects on cross-cultural interviews in Hong Kong. The reflection is centred on the experience of interviewing as an outsider to the culture of the participants and later working alongside an insider. While insider and outsider positionalities are formed from a multitude of intersectional characteristics, both gender and nationality emerged as primary influencers in this context. This paper contributes to the methodologically oriented literature by making salient the complexities of deciphering the multitude of influences originating from the researcher's positionality in relation to research others. Specifically, this paper highlights how both insider and outsider positionalities generate different, but complementary data through the exploration of participant's responses. ‘It's a Chinese thing’ or comments equating to it's a woman's thing were used by participants to either limit responses or expand and offer additional information, and the juxtaposition of these responses with those given to an insider help to highlight what this might mean for knowledge creation.
This paper investigates the underlying mechanism and boundary condition of the relationship between day-level supervisor developmental feedback (SDF) and day-level in-role performance (IRP) based on the framework of social exchange theory. The current study collects 290 matched surveys nested in 58 Chinese employees for five consecutive days, employing experience sampling method. Using hierarchical linear regression analysis, this paper examines the mediating role of perceived rapport with supervisors (PRS) and the moderating role of job control. Results show SDF has a positive effect on PRS and consequently enhances employee IRP. This indirect effect is moderated by employee job control. When job control is high, SDF helps supervisors develop a high-quality rapport with employees and is conducive to employees improving their IRP. However, when job control is low, the positive effect of SDF on IRP through PRS is not significant.
The “historical alternatives” approach calls for research into the role of national institutions and public policies in the resilience or decline of industrial districts. Policies in support of small and medium-sized enterprises (SMEs) were launched in various Western economies in the second half of the twentieth century. This article focuses on the paradigmatic Italian case and investigates the importance of government subsidies for SMEs on firms located in a southern and a northeastern district, between 1971 and 1991. This discussion deepens our understanding of the role of national policies in the reemergence of industrial districts in the decades of the Second Industrial Divide. It also indicates the importance of firms’ utilization of subsidies and their ecosystem as complementary to the policy's effectiveness.
Employees who possess cross-cultural capabilities are increasingly sought after due to unparalleled numbers of cross-cultural interactions. Previous research has primarily focused on the bright side of these capabilities, including important individual and work outcomes. In contrast, the purpose of this study is to demonstrate that the cross-cultural capability of cultural intelligence (CQ) can lead to both positive and negative outcomes. Applying the general theory of confluence, we propose that expatriates high in CQ excel in customer relationship performance, while simultaneously behaving opportunistically. We also suggest that ethical relativism moderates these relationships. Using mixed methods, four separate studies generally support our predictions while also deepening our understanding of various forms of opportunism and the mechanism behind two seemingly opposing effects. Conceptual and managerial implications of CQ for opportunism, customer relationship performance, and ethics are discussed.
The best way to improve your quality of life is through the decisions you make. This book teaches several fundamental decision-making skills, provides numerous applications and examples, and ultimately nudges you toward smarter decisions. These nudges frame more desirable decisions for you to face by identifying the objectives for your decisions and generating superior alternatives to those initially considered. All of the nudges are based on psychology and behavioral economics research and are accessible to all readers. The new concept of a decision opportunity is introduced, which involves creating a decision that you desire to face. Solving a decision opportunity improves your life, whereas resolving a decision problem only restores the quality of your life to that before the decision problem occurred. We all can improve our decision-making and reap the better quality of life that results. This book shows you how.
Firms strategically borrow in different locations. Approximately one-quarter of Peruvian companies with operations in multiple areas source their financing from more than one province. Mining windfalls generate finance supply shocks, leading to the provision of more credit at lower average rates, and we show that firms exploit geographic financial flexibility by concentrating their borrowing in booming locations. Firms are less likely to initiate borrowing in new markets when their current borrowing provinces are thriving. The pursuit of flexibility in borrowing markets, however, degrades a firm’s relationships with its existing lenders, thereby heightening its risk of future financial distress.
In this final chapter, three major themes are emphasized: to develop an overall fleet perspective when it comes to a shipping company; strategy (with support from modern technology); to push toward more “asset-light” strategies, keeping in mind that traditional shipowning is normally rather asset-heavy; to strive for relevant innovations also in the future, by being even closer to key customers, and by proactively taking advantage of technological developments, climatic changes, and technology-driven managerial economic opportunities.
A total of 10 case studies are given, to illustrate how innovations might take place in real-life shipping company settings. We see here the critical importance of an open-minded corporate culture, as well as the key role of the person at the top of the organization.
This chapter discusses how innovations are reshaping the two major fundamental strategic options that a shipowner typically might have: asset-play, i.e., a typically short-term focus on “in-out/long-short”, vs. industrial shipping, i.e. more tailored ships employed on longer-term charters, and typically with relatively high financial gearing. Key innovations are reshaping the essence of each of these strategic options, above all, regarding what might now be a commercially modern ship. Customer closeness is increasingly seen as key to all of this.