Monthly Archive for October, 2009

Management Journal, Volume 9, Number 8 available

Published on October 28, 2009 in Journal. 0 Comments

The eighth issue of Volume 9 of The International Journal of Knowledge, Culture and Change Management has now been published.

Volume 9, Number 8 contains:

Technological Advancements and Change in Management of Tourism Destination Organizations by Ali Sukru Cetinkaya.
Marketing MBA Programs in the Middle East: A Strategy-as-Practice Approach to Business Education by Sabine H. Hoffmann.
Encouraging the Use of Appropriate Communication Technologies in Managing ERP Implementation Projects by Pierre-Majorique Léger, Luc Cassivi and Michael Wybo.
Customer and Employee Views of Quality Attributes of Public Libraries by David Spacek, Ruzena Lukasova and Svatava Nunvarova.
Factors Affecting Employee Turnover Intentions: Empirical Evidence from Textile Sector of Pakistan by Mahmood A. Bodla and Abdul Hameed.
Creative Potential of Teams and Team Creativity: A Sensemaking Perspective by Kandarp H. Mehta.

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Mass Production

Published on October 27, 2009 in News. 0 Comments

From Economist.com

Based on the principles of specialisation and division of labour as first described by Adam Smith

Mass production is a way of manufacturing things en masse (and for the masses) that takes the initiative for choosing products out of the hands of the consumer and puts it into the hands of the manufacturer. Before mass-production methods were introduced, producers made things to order. They did not, by and large, manufacture things in the vague hope of selling them at some later date. They made things when they knew they had a customer.

In Elizabethan times, shops were not stuffed with goods waiting for buyers. They were full of craftsmen waiting to fulfil orders. With mass-production methods, manufacturers produce things in large quantities without having orders for them in advance. They worry about selling them later—the price they pay for enjoying economies of scale in the manufacturing process.

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Lean Production

Published on October 27, 2009 in Uncategorized. 0 Comments

Oct 19th 2009 From Economist.com

It aims to combine the flexibility and quality of craftsmanship with the low costs of mass production

Lean production is the name given to a group of highly efficient manufacturing techniques developed (mainly by large Japanese companies) in the 1980s and early 1990s. Lean production was seen as the third step in an historical progression, which took industry from the age of the craftsman through the methods of mass production and into an era that combined the best of both. It has been described as “the most fundamental change to occur since mass production was brought to full development by Henry Ford early in the 20th century”.

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The methods of lean production aim to combine the flexibility and quality of craftsmanship with the low costs of mass production. In lean-production systems a manufacturer’s employees are organised in teams. Within each team a worker is expected to be able to do all the tasks required of the team. These tasks are less narrowly specialised than those demanded of the worker in a mass-production system, and this variety enables the worker to escape from the soul-destroying repetition of the pure assembly line.

Twilight of the Efficient Markets

Published on October 23, 2009 in Uncategorized. 0 Comments

By Cosma Shalizi American Scientist

THE MYTH OF THE RATIONAL MARKET: A History of Risk, Reward, and Delusion on Wall Street. Justin Fox. xviii + 382 pp. Harper Business, 2009. $27.99.

The Myth of the Rational Market, by Justin Fox, is an account—popular but thorough—of the roots, rise, triumph and ongoing fall of the theory of efficient markets in finance. This school of thought is an exemplary specimen of a type of social science that flourished after World War II: It has mathematical models at its center, has supposedly been empirically validated by statistical analyses, is indifferent to history and to institutions, and takes as an axiom that people are intelligent, farsighted and greedy. Unlike many economic theories, the efficient-market school has been influential beyond academia. It helped reshape ideas about how companies should be run, how executives should be paid, and indeed how the economy should be regulated (or not) to promote the general welfare. (In comic-book form: A mild-mannered social science by day, at night efficient-market theory puts on a cloak of ideology and struggles for the Capitalist Way.) The theory contributed, arguably, to setting up the crisis that has gripped the world economy since 2007. Its story is of much more than just scholarly interest.

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Management Journal, Volume 9, Number 7 available

Published on October 14, 2009 in Journal. 0 Comments

The seventh issue of Volume 9 of The International Journal of Knowledge, Culture and Change Management has now been published.

Volume 9, Number 7 contains:

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Management Journal, Volume 9, Number 6 available

Published on October 8, 2009 in Journal. 0 Comments

The sixth issue of Volume 9 of The International Journal of Knowledge, Culture and Change Management has now been published.

Volume 9, Number 6 contains:

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Management Journal, Volume 9, Number 5 available

Published on October 5, 2009 in Journal. 0 Comments

The fifth issue of Volume 9 of The International Journal of Knowledge, Culture and Change Management has now been published.

Volume 9, Number 5 contains:

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