The internationalisation process in a company embodies a series of projects that are performed in different geographical regions. In some cases, especially in SMEs, companies are not capable of predicting the risks that will be faced during the process and they do not have suitable tools to manage the knowledge acquired in previous internationalisation experiences. Therefore, they fail to turn internationalisation into a sustainable competitive advantage. This paper reports the conclusions of a study based on both a bibliographic research and a comprehensive study of a group of industrial companies. This study includes the analysis of 37 internal reports about internationalisation experiences and the carrying out of semi-structured interviews with managers responsible for international operations. We have identified the main factors (risks) that prevent successful internationalisation processes and we have proposed a taxonomy of them. Furthermore, we have proposed a general framework (model) which provides a common perspective for all internationalisation projects, bringing coherence, and also a certain level of systematisation, to the decisions made in regards to different internationalisation projects. The model provides a systemic vision of the whole internationalisation process and we believe that companies can develop efficient learning systems based on this framework. It would give them differentiation and, therefore, help them to turn internationalisation into a sustainable competitive advantage.
In this article, we study the impact of implementing corporate social responsible (CSR) practices on a firm's inventory policy. Our proposal is that there is an inverted U-shape relationship between firms' CSR and their inventory levels. Two elements explain such proposal. First, stakeholders have different interests regarding the outcome of the inventory system. Specifically, we hypothesize that customers pressure firms to increase inventories; employees have conflicting views regarding inventories and, for this reason, they do not pressure firms in a particular direction; and environmental activists force firms to reduce inventories. The second reason is that there is different level of stakeholder proactiveness contingent on the intensity in the implementation of social responsible policies. In particular, we posit that for low levels of CSR, customers are more relevant, while for larger levels other stakeholders gain more importance.We test this theoretical prediction by crossing two databases, COMPUSTAT, for financial data, and KLD for data on social responsibility. Our final database contains data on 1881 different US companies for the period 1996-2006. The results found conform to our theoretical prediction.Our analysis will be helpful to strategic and tactical decision-making processes on inventory management and will allow researchers to offer concrete advice on the likely outcomes of various stakeholder relationship practices in order to improve the effectiveness of inventory systems. Additionally, the connection between CSR and inventory policies has interest at a macroeconomic level given that, on the one hand, there is a growing tendency for firms to behave in a socially responsible way. On the other, inventories are responsible for up to 87% of the total peak-to-trough movement in GDP. Thus, our results suggest that this tendency to incorporate the social dimension in firms' strategy should smooth out the overall economic cycle given that firms apply more intensive CSR policies in the expansive periods (decreasing inventories) rather than during the downturns (increasing inventories).
This paper analyses the different ways of financing official Veterinary Services (VS) and the effects of these choices on the performance of such Services. The links between governance, organisational effectiveness and financing arrangements are seen as particularly important. The paper comments on some of the advantages and disadvantages of financing VS with service fees, as compared to budget transfers from general government revenues. Evidence is presented on the considerable heterogeneity in the size of VS and on the impact of this heterogeneity on organisation and financing. The paper concludes with a stylised case study, which emphasises the importance of collaboration and the division of labour between the official and the private sector of the veterinary profession.
A lo largo de la pandemia ocasionada por la Covid-19 se han llevado a cabo distintos estudios sobre la respuesta emocional a nivel social, frecuentemente empleando como base del análisis los mensajes en redes sociales. En este trabajo, y empleando técnicas computacionales de text mining, se compara el patrón detectado en la investigación de Dubey (2020) con el que aparece en una de las obras icónicas en literatura de ciencia ficción: The Puppet Masters (1951), de Robert A. Heinlein. Esta novela describe la historia de una invasión por parte de parásitos alienígenas, y el hilo narrativo se articula en torno al miedo al contagio y la paranoia imperante por quienes estarán o no infectados, pudiendo infectar a otros. Es decir, describe un escenario que, en lo esencial, es muy similar a la actual situación. Los resultados demuestran que existe una enorme similitud entre ambos patrones emocionales. El hecho de que una novela de hace casi 70 años exhiba un patrón emocional extraordinariamente similar al que hemos observado en la sociedad durante la pandemia, pone de manifiesto no solo la capacidad de Heinlein para dotar de verosimilitud a sus obras, sino que, una vez más, la vida parece imitar al arte.
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