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- Title
- A method for the optimization of product development resource allocation.
- Creator
- Worp, Nicholas Jacob., Florida Atlantic University, Han, Chingping (Jim), College of Engineering and Computer Science, Department of Ocean and Mechanical Engineering
- Abstract/Description
-
This thesis presents a model designed to optimize the allocation of corporate resources required for the success of a product in the marketplace. The product development resources used in the model are: market research, applied research, product design, cost reduction and advertising. The key goals of this thesis are to provide industry with a usable tool: (1) Implement strategic plans through effective budgeting; (2) Optimize both short and long term profits; (3) Evaluate the impact of...
Show moreThis thesis presents a model designed to optimize the allocation of corporate resources required for the success of a product in the marketplace. The product development resources used in the model are: market research, applied research, product design, cost reduction and advertising. The key goals of this thesis are to provide industry with a usable tool: (1) Implement strategic plans through effective budgeting; (2) Optimize both short and long term profits; (3) Evaluate the impact of resource inter-dependencies; (4) Enable accountability that leads to goal achievement and checks unnecessary growth; (5) Remove much of the negative political and emotional variability; (6) Easily adapt to internal and external changes; (7) Output a specific allocation for each resource as a percentage of sales; (8) Output an estimate of future profitability. Genetic Algorithms are particularly well suited for this application because an exact optima is not required and the search space can be extremely large, complex, and non-linear.
Show less - Date Issued
- 1997
- PURL
- http://purl.flvc.org/fcla/dt/15519
- Subject Headings
- Genetic algorithms, Resource allocation, Strategic planning, Business planning
- Format
- Document (PDF)
- Title
- Marketing strategies in global markets: A transaction cost analysis.
- Creator
- Karuppur, Devi Prasad R., Florida Atlantic University, Sashi, C. M.
- Abstract/Description
-
Contrasting viewpoints have emerged regarding the selection of marketing strategies in global markets. One group of scholars recommends standardized global marketing strategies based on the premise that technological advances in telecommunication, transportation, and media are leading to similarities in customer preferences across the world. Other researchers recommend multi-domestic strategies on the premise that consumer heterogeneity continues to increase even within countries. Firms...
Show moreContrasting viewpoints have emerged regarding the selection of marketing strategies in global markets. One group of scholars recommends standardized global marketing strategies based on the premise that technological advances in telecommunication, transportation, and media are leading to similarities in customer preferences across the world. Other researchers recommend multi-domestic strategies on the premise that consumer heterogeneity continues to increase even within countries. Firms marketing products in global markets appear to adopt global marketing strategies, multi-domestic strategies, and various intermediate strategies that encompass different degrees of standardization. This research develops a theoretical framework to examine the factors that influence marketing strategies in global markets. Transaction cost analysis constructs are used to determine whether to standardize or customize marketing strategy. The basis for adopting different levels of standardization on marketing program and process variables is empirically investigated. A multinomial logit model is used to estimate the likelihood of adopting different degrees of standardization with data from American multinational corporations on 161 products marketed in different global markets. The results indicate that higher levels of asset specificity associated with patented technical knowledge favor physical attribute standardization in global markets. Volatile political environments, high degrees of ownership in affiliates, and global competitors' standardized marketing strategies encourage firms to tailor physical attributes. Brand names are standardized if the economic uncertainty is lower in foreign markets. Cultural dissimilarities between home and host countries hinder marketing control systems standardization. Operating experience in foreign countries and the need for technical service and customer interactions support standardization of marketing control systems. The need for specialized local market knowledge encourages the adoption of country-specific marketing research methods. Standardized pricing strategies are preferred over flexible country-specific strategies in volatile political environments.
Show less - Date Issued
- 1994
- PURL
- http://purl.flvc.org/fcla/dt/12379
- Subject Headings
- Export marketing, Transaction costs, Business planning, International business enterprises
- Format
- Document (PDF)
- Title
- Essays on international acquisitions.
- Creator
- Susnjara, Jurica., College of Business, Finance
- Abstract/Description
-
The purpose of the current manuscript was to examine acquirer and market behavior surrounding a sample of international mergers and acquisitions. The first essay examined the existence of a private company discount and its connections to liquidity. It found that unlisted targets sell for less than their public counterparts, confirming earlier findings. The examination of a connection between the discount and liquidity mostly contradicted earlier studies (Officer 2007), depending on which...
Show moreThe purpose of the current manuscript was to examine acquirer and market behavior surrounding a sample of international mergers and acquisitions. The first essay examined the existence of a private company discount and its connections to liquidity. It found that unlisted targets sell for less than their public counterparts, confirming earlier findings. The examination of a connection between the discount and liquidity mostly contradicted earlier studies (Officer 2007), depending on which subsample was selected. The second essay examined the existence of a target price runup preceding acquisitions announcements, existence of a substitution effect between runup and premium, and whether investor protection influenced the two. It confirmed the earlier findings of a significant runup preceding acquisition announcements, with the runup being more pronounced in those targets from weaker investor protection countries. Contrary to Schwert (1996), the study found a significant substitution effect between runup and premium, with the effect stronger if the acquirers are from countries with weak investor protection. The third essay examined acquirer stock price reaction to the three different components of the offer price: target's stand-alone valuation, pre-announcement runup and the offer premium. Each component was found to have an overall insignificant effect on the acquirer stock price in the overall sample. When the targets were from the countries with the weakest investor protection, the study found that the reaction to both the runup and stand-alone target valuation depend on both target and acquirer country investor protection. The study also found that when the targets were from the countries with the weakest investor protection, and only from those countries, acquirer stock price reacted negatively to any individual component of the offer price being higher., Overall, the three studies confirm that behavior of both acquirer management and their stock markets i affected by the variance in investor protection among countries.
Show less - Date Issued
- 2011
- PURL
- http://purl.flvc.org/FAU/3320104
- Subject Headings
- Consolidation and merger of corporations, Negotiation in business, Strategic planning, International business enterprises
- Format
- Document (PDF)
- Title
- An evaluation of the impact of local government institutions on business resilience in disaster.
- Creator
- Atkinson, Christopher L., College for Design and Social Inquiry, School of Public Administration
- Abstract/Description
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This dissertation explores how local government policies affect pre-and postdisaster business resilience, in the context of institutional and neo-institutional frameworks. The study builds on past research on business vulnerability and resilience to examine government policies in the pre-disaster and response and recovery periods, and explore how government responses of varying types can contribute to different outcomes for local small businesses in the recovery period following hurricane...
Show moreThis dissertation explores how local government policies affect pre-and postdisaster business resilience, in the context of institutional and neo-institutional frameworks. The study builds on past research on business vulnerability and resilience to examine government policies in the pre-disaster and response and recovery periods, and explore how government responses of varying types can contribute to different outcomes for local small businesses in the recovery period following hurricane disasters. The project examines two cases surrounding events in 2005 and their impact on business resilience: Hurricane Katrina and its effects on the New Orleans metropolitan area; and Palm Beach County's experience with Hurricane Wilma. The dissertation involves a mixed-method approach to the subject matter. The statistical analysis portion uses multiple regression analysis of surveys of government-registered business owners in the affected areas. Business resilience is examined in light of the p redictive power of the size of the disaster; the influence of the institutional policies in public procurement, and vii economic development through small business programs; the role of institutional culture; and finally business vulnerability. The interview portion involves interviews with public officials, and coding and analysis of the field texts of these discussions, for additional information about the role that institutions play in the resilience of businesses before and after disaster. The statistical results suggest that institutional culture; size of disaster, institutional policies (particularly in procurement practices), and vulnerability can play a role in determining the resilience of a local business community., The statistical analysis is supported by interview data, which suggest that public institutions can create a culture of resilience in the business communities they serve, through support of proactive measures that make businesses less vulnerable, and creation and maintenance of supportive networks in the business community through public-private channels. Such approaches, combined with forward-thinking policy toward economic development as a general imperative, can create business communities that are more resilient in the face of disaster.
Show less - Date Issued
- 2011
- PURL
- http://purl.flvc.org/FAU/3174502
- Subject Headings
- Business cycles, Emergency management, Government policy, Small business, Planning, Disaster relief, Government policy
- Format
- Document (PDF)
- Title
- Entrepreneurial Alertness, Metacognitive Knowledge, and Opportunity Identification.
- Creator
- Cox, Kevin, Castrogiovanni, Gary J., Florida Atlantic University, College of Business, Department of Management
- Abstract/Description
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The research study investigates factors that influence entrepreneur’s ability to identify new venture opportunities. Entrepreneurial alertness has been widely argued as fundamental to the opportunity identification process, yet this relationship remains largely unverified by empirical evidence. This study provides an explicit investigation into the implications of entrepreneurial alertness for opportunity identification as well as how metacognitive factors moderate the proposed relationship....
Show moreThe research study investigates factors that influence entrepreneur’s ability to identify new venture opportunities. Entrepreneurial alertness has been widely argued as fundamental to the opportunity identification process, yet this relationship remains largely unverified by empirical evidence. This study provides an explicit investigation into the implications of entrepreneurial alertness for opportunity identification as well as how metacognitive factors moderate the proposed relationship. First, Chapter 1 provides an overview the purpose, research questions, the significance of the study, and the conceptual framework. Next, a comprehensive review of the existing literature on opportunity identification is provided which is followed by the development of theoretical arguments, associated hypotheses, and the conceptual model. Subsequently, and overview of the research methodology and sampling procedure is presented. Finally, the analyses and results presented followed by a discussion, future research, and conclusions.
Show less - Date Issued
- 2016
- PURL
- http://purl.flvc.org/fau/fd/FA00004581, http://purl.flvc.org/fau/fd/FA00004581
- Subject Headings
- Entrepreneurship--Psychological aspects., Social entrepreneurship., Businesspeople--Psychology., Strategic planning., New business enterprises.
- Format
- Document (PDF)
- Title
- Perceptions of industry practitioners toward an academic degree program in public assembly facility management.
- Creator
- Riordan, James J., College of Education, Department of Educational Leadership and Research Methodology
- Abstract/Description
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Utilizing a modified Delphi Technique research study, consensus was sought from 298 practitioners in the public assembly facility management (PAFM) industry regarding their perceptions on varied matters connected to the academic preparation of managers/executives serving the industry. A comprehensive literature review and a prior pilot study were conducted for the purpose of creating the initial survey (Questionnaire 1). The pilot study consisted of an open-ended interview session with a...
Show moreUtilizing a modified Delphi Technique research study, consensus was sought from 298 practitioners in the public assembly facility management (PAFM) industry regarding their perceptions on varied matters connected to the academic preparation of managers/executives serving the industry. A comprehensive literature review and a prior pilot study were conducted for the purpose of creating the initial survey (Questionnaire 1). The pilot study consisted of an open-ended interview session with a panel (N=16) of PAFM managers. Sixty-four (64) of 66 consensus-seeking items attained consensus from the respondents (N=298) after Questionnaire 1 results were tabulated. Respondents were given the opportunity to re-assess their Questionnaire 1 choices in Questionnaire 2 and if compelled, change them. Items related to Kinesiology and Physical Education did not attain consensus status in Questionnaire 1 or Questionnaire 2. This study concluded: a) academic program in PAFM is beneficial to the industry (96%) and 63.5% viewed the degree as very important or essential; b) the preferred academic delivery level was Bachelors/undergraduate (52.7%); c) the degree program should be housed in Business (42%); d) the preferred competencies and skill sets were identified; e) the preferred course components were identified., Statistical analysis showed that there was a significant relationship between the type of public assembly facility where a respondent worked and the preferred academic unit of the program, as well as preferred general course components. Recommendations for future research include: (a) conducting a similar study employing solely qualitative methodology; (b) seeking potential significant relationships with gender, ethnicity, geographic location, ownership and governance of facilities, years of experience; and (c) comparing and contrasting results of this study among faculty who currently teach public assembly facility management courses and the students that are in said courses . The rising cost of providing safe and cost-efficient public assembly facilities require that the people operate these facilities possess the best set of managerial, administrative and technical skills related to the management of these facilities; this study aids in that quest by suggesting competencies and course components, and potentially a PAFM general academic curriculum, based on practitioner viewpoint.
Show less - Date Issued
- 2009
- PURL
- http://purl.flvc.org/FAU/186765
- Subject Headings
- Facility management, Strategic planning, Executives, Training of, Creative ability in business, Management, Education, Aims and objectives
- Format
- Document (PDF)
- Title
- Three essays on competitive acquisition bids.
- Creator
- Glambosky, Mina C., College of Business, Department of Finance
- Abstract/Description
-
Many factors contribute to the outcome of an acquisition; these factors arise from both the objective of the target and acquirer. This dissertation focuses on how the bidding strategy, acquirer and target characteristics impact the transaction. The first essay examines how the timing and size of the acquirer's bid for a U.S. target firm impacts their return. I find that successful first and low bid acquirers experience significantly larger returns than successful secondary and non-low bid...
Show moreMany factors contribute to the outcome of an acquisition; these factors arise from both the objective of the target and acquirer. This dissertation focuses on how the bidding strategy, acquirer and target characteristics impact the transaction. The first essay examines how the timing and size of the acquirer's bid for a U.S. target firm impacts their return. I find that successful first and low bid acquirers experience significantly larger returns than successful secondary and non-low bid acquirers. The cross-sectional analysis determines that higher levels of target institutional ownership and acquisitions completed prior to the passage of Sarbanes-Oxley result in reduced returns to the acquirer. In addition, the likelihood of a successful first bid acquirer increases with a revised bid and when the acquirer is both the first and low bid acquirer simultaneously. The likelihood of a successful first bid acquirer decreases as the number of bidders increases and as the bidding process lengthens. I also find that the likelihood of a successful low bid acquirer increases the longer the bidding process. The second essay examines how the timing and size of the acquirer's bid for an international target impacts their return. I find that successful first and low bid acquirers experience insignificant abnormal returns following the acquisition announcement. In addition, the likelihood of a successful first bid acquirer increases when the acquirer and target have similar cultures, with higher levels of target government corruption and when the acquirer is both the first and low bid acquirer simultaneously. The likelihood of a successful low bid acquirer decreases with higher levels of target government corruption. I also examine what factors affect the target premium and find that larger transactions and successful first bid acquirers increase the target premium., Conversely, similar cultures and higher levels of government corruption, rule of law, bureaucracy, expropriation and ethnic tension decrease the premium to the target. Lastly, successful first and low bid acquirers experience statistically larger long run abnormal returns than successful secondary and non-low bid acquirers. The third essay examines how a stake accumulation by a conflicted blockholder influences the target's return. I find that targets experience positive cumulative abnormal returns upon the announcement of the Family, ESOP, Management and High Profile Investor stake accumulation. The cross-sectional analysis determines that privately negotiated transactions reduce the return to the target and that higher levels of stake accumulation are positively related to the target's return. Finally, targets experience negative abnormal long run returns following all four types of stake accumulation.
Show less - Date Issued
- 2009
- PURL
- http://purl.flvc.org/FAU/228768
- Subject Headings
- Consolidation and merger of corporations, Industrial management, Negotiation in business, Strategic planning
- Format
- Document (PDF)
- Title
- Entrepreneurial scanning behavior in new childcare ventures.
- Creator
- Leaptrott, John., Florida Atlantic University, Peterson, Mark F.
- Abstract/Description
-
This dissertation assessed two aspects of entrepreneurial scanning related to new ventures. The first was the information search and analysis these entrepreneurs performed when they made certain basic decisions necessary to start most business prior to commencement of operations. The second was the ongoing information search activities of entrepreneurs who had started childcare businesses and were managing them in their first few years of operation. In addition, this dissertation assessed the...
Show moreThis dissertation assessed two aspects of entrepreneurial scanning related to new ventures. The first was the information search and analysis these entrepreneurs performed when they made certain basic decisions necessary to start most business prior to commencement of operations. The second was the ongoing information search activities of entrepreneurs who had started childcare businesses and were managing them in their first few years of operation. In addition, this dissertation assessed the extent these scanning activities were consistent with a dual process theory of reasoning. Finally, the limitations of the study and suggested future research directions for research of entrepreneurial scanning were discussed. The results suggest an entrepreneur's scanning behavior at the start of the business may be different from scanning behavior that occurs once the business has been operating for a period of time. The need for cognition, exposure to statistical thinking and intelligence (operationalized in this study as the amount of formal education) were positively related to the kind of information search and analysis undertaken by the entrepreneur at the startup of the business that Kahneman (2003) and others describe as System 2 reasoning. The accessibility of information and the amount of formal education were positively related to scanning that was done in periods subsequent to startup by these childcare entrepreneurs. Work-family conflict was negatively related to scanning during this period.
Show less - Date Issued
- 2005
- PURL
- http://purl.flvc.org/fcla/dt/12150
- Subject Headings
- Organizational behavior, Strategic planning, Entrepreneurship, Childcare services--Management, Day care centers--Administration, New business enterprises--Management, Success in business
- Format
- Document (PDF)
- Title
- Agency costs and accounting quality within an all-equity setting: the role of free cash flows and growth opportunities.
- Creator
- Cabán, David, Kohlbeck, Mark, Florida Atlantic University, College of Business, School of Accounting
- Abstract/Description
-
I investigate if all-equity firms are a heterogeneous group as it relates to agency costs and accounting quality. All-equity firms are a unique group of firms that choose a “corner solution” as their capital structure. Extant research, supported by well-established theories such as trade-off theory, free cash flow theory, and Jensen’s (1986) control hypothesis, generally conclude that agency conflicts motivate such structure. Research also supports the alternative argument that poor...
Show moreI investigate if all-equity firms are a heterogeneous group as it relates to agency costs and accounting quality. All-equity firms are a unique group of firms that choose a “corner solution” as their capital structure. Extant research, supported by well-established theories such as trade-off theory, free cash flow theory, and Jensen’s (1986) control hypothesis, generally conclude that agency conflicts motivate such structure. Research also supports the alternative argument that poor accounting quality makes debt so prohibitive that such firms are driven to this capital structure. I propose that an all-equity structure is not necessarily symptomatic of agency conflicts and poor accounting quality overall. I investigate if different motivations, within an all-equity setting, reflected by free cash flows and growth opportunities, result in different levels of agency cost and accounting quality. By anchoring on theories that link implicit costs of debt to free cash flow levels and growth opportunities, I hypothesize that free cash flows and growth opportunities are strongly linked to the justification or lack thereof for the pursuit of such strategy. I hypothesize and show that firms in the extremes of the free cash flow to growth rate spectrum exhibit significantly different levels of agency cost and accounting quality within the all-equity setting. These results support my main prediction that there exists agency costs and accounting quality differences within the all-equity setting which are associated with free cash flow levels and growth opportunities and that the pessimistic conclusions for pursuing an all-equity strategy reached by prior research should not be generalized to all such firms.
Show less - Date Issued
- 2015
- PURL
- http://purl.flvc.org/fau/fd/FA00004432, http://purl.flvc.org/fau/fd/FA00004432
- Subject Headings
- Business enterprises -- Valuation, Cash management, Corporations -- Finance, Corporations -- Growth, Financial risk management, Strategic planning, Venture capital
- Format
- Document (PDF)
- Title
- Strategic information disclosure when there is fundamental disagreement: an empirical investigation.
- Creator
- Volkov, Nikanor, Agapova, Anna, Florida Atlantic University, College of Business, Department of Finance
- Abstract/Description
-
I empirically investigate the managements’ decision to voluntarily disclose strategic information. While carrying a benefit of reduced information asymmetry, strategic information disclosure carries a cost of investors disagreeing with managements’ strategy and thus refusing to provide funding to the firm. Using a hand- collected sample of information releases, I identify firm characteristics that affect the likelihood of strategic information disclosure.
- Date Issued
- 2015
- PURL
- http://purl.flvc.org/fau/fd/FA00004473, http://purl.flvc.org/fau/fd/FA00004473
- Subject Headings
- Corporate governance, Corporations -- Auditing, Disclosure of information, Management information systems, Social responsibility of business, Strategic planning
- Format
- Document (PDF)
- Title
- Corporate Social Responsibility and Strategic Performance: Realizing A Competitive Advantage through Corporate Social Reputation and a Stakeholder Network Approach.
- Creator
- Peters, Richard C., Golden, Peggy A., Florida Atlantic University
- Abstract/Description
-
This study provides an exploratory investigation of the link between Corporate Social Responsibility (CSR) and Firm Competitive Advantage. It poses two primary research questions (1) What valuable and rare resource does the firm acquire through CSR? and 2) How does the firm's approach to stakeholder management influence its ability to protect and enhance the value of this resource? Corporate Social Reputation, the perception of the firm by its internal and external stakeholders, is argued to...
Show moreThis study provides an exploratory investigation of the link between Corporate Social Responsibility (CSR) and Firm Competitive Advantage. It poses two primary research questions (1) What valuable and rare resource does the firm acquire through CSR? and 2) How does the firm's approach to stakeholder management influence its ability to protect and enhance the value of this resource? Corporate Social Reputation, the perception of the firm by its internal and external stakeholders, is argued to be the valuable and rare resource that CSR provides. By building positive stakeholder relationships through CSR the firm is able to positively influence stakeholder assessment and gain 'reputational capital'. The value of reputational capital lies in its ability to promote operational efficiency and engender product differentiation, which independently as well as in tandem, grant firms superior performance over their competitors. Corporate Social Reputation is also expected to be positively influenced by the finn's adoption of a 'network' approach to stakeholder management. Two specific network attributes: extensiveness and consistency are argued to promote reputational capital growth. Network Extensiveness is determined by the number and diversity of firmstakeholder relationships, whereas Network Consistency is concerned with the variability of firm behavior across its entire stakeholder network. The hypothesized model was evaluated via a longitudinal study of one hundred and fifty eight firms from multiple industries. Structural Equation Modeling (SEM) was employed to assess path coefficients as well as the goodness of fit of the measurement and structural models. The results provide support for the positive influence of CSR on Corporate Social Reputation, but no support for a significant relation between either Network Extensiveness or Network Consistency and Corporate Social Reputation. Also, the results indicate that Corporate Social Reputation directly, positively and significantly contributes to a firm's ability to achieve and sustain a Competitive Advantage for both an internal (Return on Assets) and external (Tobin's q) measure of firm financial performance. Further, the findings suggest that the contribution of CSR to financial performance may be indirect and facilitated through a step-wise process which requires the attainment of a positive and superior Corporate Social Reputation before Competitive Advantage can be achieved.
Show less - Date Issued
- 2007
- PURL
- http://purl.flvc.org/fau/fd/FA00000609
- Subject Headings
- Social Responsibility of Business, Industrial Management--Moral and Ethical Aspects, Organizational Effectiveness, Strategic Planning, Competition--Social Aspects
- Format
- Document (PDF)
- Title
- Decentralization, land use change and commercial growth in Daytona Beach, Florida.
- Creator
- Glatz, Christopher David, Florida Atlantic University, Ivy, Russell L.
- Abstract/Description
-
Daytona Beach is known as a center for automobile and motorcycle racing, a famous spring break destination for thousands of college students, and its world famous beaches. The city, like so many other American cities underwent a decentralization of the downtown. Businesses left for the suburbs and thus reshaped the city. This research examines the land use changes in the central business district through time and examines the build up of a new commercial corridor located around the Daytona...
Show moreDaytona Beach is known as a center for automobile and motorcycle racing, a famous spring break destination for thousands of college students, and its world famous beaches. The city, like so many other American cities underwent a decentralization of the downtown. Businesses left for the suburbs and thus reshaped the city. This research examines the land use changes in the central business district through time and examines the build up of a new commercial corridor located around the Daytona International Speedway. The research also examines the redevelopment process the city of Daytona Beach used to reinvent itself. Finally, this research will attempt to link the new commercial corridor to the Speedway as one cause of the decentralization process of the downtown.
Show less - Date Issued
- 2003
- PURL
- http://purl.flvc.org/fcla/dt/13028
- Subject Headings
- City planning--Florida--Daytona Beach, Central business districts--Florida--Daytona Beach, Urban renewal--Florida--Daytona Beach, Daytona Beach (Fla)
- Format
- Document (PDF)