Browsing Centres by Title
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An Assessment and Diagnosis of ProblemsFoss, Nicolai J. (Frederiksberg, 1997)[More information][Less information]
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Refashioning luxury goods through co-creationWolny, Julia; Hansen, Rina (Geneva, 2011)[More information][Less information]
Abstract: Sustainable fashion in all its guises, has been the preoccupation of many a recent campaign, article, research and initiative. Not only is the industry increasingly aware of the need to cut its environmental impact, but also consumers and consumer organisations are putting pressures on various parts of the supply chain to comply with environmental and ethical practices. Yet, from a management perspective, the economic impact of these demands can lead to conflicting priorities. In particular, the basic marketing concept of product lifecycle indicates the product’s gradual diminishing monetary returns through time. In this paper we will be analysing a case of a refashioning of products that are either obsolete or unsalable and making a commercially viable collection. In 2008 MCM collaborated with the London College of Fashion to reuse, recycle and redesign a number of end-of-line, dated handbags into new objects of desire with a new lifecycle. This case will form a basis of analysing the validity of such a product re-development tactic for other luxury brands. The paper will provides a blueprint for future re-fashioning initiatives by reflecting on the value inherent in the process for both users and firms alike. The paper contributes to the understanding of recycling and sustainable fashion from a theoretical perspective that links together the product lifecycle, co-creation and value creation theories. The main theoretical implication of the work concerns the framing of recycling and refashioning with the context of those linked concepts.According to this contribution, refashioning can enable value creation from obsolete products, especially if a co-design with consumers or users forms part of the proposition. On the managerial side, this study recognisees the economic drivers of business and highlights the commercial, not only environmental and societal benefits of recycling within the luxury sector. The recycled products stand in direct opposition to counterfeiting, which is evident in the uniqueness for refashioned products leading to the development of new objects of desire. URI: http://hdl.handle.net/10398/8525 Files in this item: 1
Rina_Hansen_2011_6.pdf (213.1Kb) -
Hagen Jørgensen, Ole (København, 2008)[More information][Less information]
Abstract: Using a stochastic overlapping generations model with endogenous labour supply, this paper studies the design and performance of a policy rule for the retirement age in response to fertility and mortality shocks. Two main results are derived: First, to oset a change in the labour force the retirement age should adjust more than proportionally to the fertility change and, second, to be socially desirable the retirement age should be indexed less than proportionally to changes in life expectancy. URI: http://hdl.handle.net/10398/7688 Files in this item: 1
dp 2008-03.pdf (361.1Kb) -
Lando, Henrik (København, 2005)[More information][Less information]
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Heterogeneity and Non-LinearitiesIversen, Jens; Malchow-Møller, Nikolaj; Sørensen, Anders (Frederiksberg, 2010)[More information][Less information]
Abstract: The returns to education in self-employment are addressed in four different specifications of the relationship between log income and years of schooling. The specifications range from a standard Mincer equation with a constant percentage increase in income to an additional year of schooling to the most flexible specification with dummy variables for the different number of years of schooling split into different types of education. Based on the more flexible specifications, important non-linearities and heterogeneity in the returns to education in self-employment are found. These results are robust across different estimation methods: OLS; Heckit correction models to handle sample selection; and IV to deal with the potential endogeneity of years of schooling. Moreover, the results are insensitive to the use of different sample years, different definitions of self-employment, and different income measures for the self-employed. URI: http://hdl.handle.net/10398/8225 Files in this item: 1
Sorensen_WP_2010.pdf (411.9Kb) -
Laursen, Keld (Frederiksberg, 1998)[More information][Less information]
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Kalmi, Panu (, 2003)[More information][Less information]
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Effekter og udfordringerAndersen, Kim Normann; Medaglia, Rony (, 2009)[More information][Less information]
Abstract: Staten bruger millioner på rengøring alt mens ældrecentre og ældre i eget hjem er skydeskiven for de arbejdskraftbesparende teknologier. ABT-fondens indsats skønnes at skubbe yderligere til denne digitalisering. Budgetterne i den statslige sektor er ikke påvirket af robotteknologien, mens der eksperimenteres på livet løs i kommunerne. Mens kommunerne således har haft en række pilotforsøg og taget robotteknologien til sig, har de mange statslige styrelser, universiteter og departementer tilsyneladende holdt robotterne i arms længde. Derved har staten ikke blot lidt et ressourcetab, men også mindsket mulige afledte positive innovationsgevinster. URI: http://hdl.handle.net/10398/7787 Files in this item: 1
CAICT_2009_03.pdf (978.3Kb) -
evidence from baltic and other transitional economiesMygind, Niels (København, 2002)[More information][Less information]
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Hougaard, Jens Leth; Tjur, Tue; Østerdal, Lars Peter (København, 2004)[More information][Less information]
Abstract: Discrete choice experiments are widely used in relation to health care. A stream of recent literature therefore aims at testing the validity of the underlying preference axioms of completeness and transitivity, and detecting other preference phenomena such as unstability, learn- ing/tiredness effects, ordering effects, dominance, etc. Unfortunately there seems to be some confusion about what is actually being tested, and the link between the statistical tests performed and the relevant underlying model of respondent behaviour has not been explored in this literature. The present paper tries to clarify the notions involved and discuss what can be tested in a general frequency of choice frame- work and more specifically in a random utility model. URI: http://hdl.handle.net/10398/6731 Files in this item: 1
04-1.pdf (151.6Kb) -
Gudum, Connie Køhler; de Kok, Ton G. (København, 2002)[More information][Less information]
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Jacobsen, Jóannes (Frederiksberg, 2012)[More information][Less information]
Abstract: Vækstkautioner fra Vækstfonden giver anledning til privat finansiering af erhvervsaktivitet, som ellers ikke ville opstå. Vækstkautioner udstedt i 2011 medførte, at virksomhederne kunne skaffe samlet privat finansiering for 1153 mio. kr. til at foretage investeringer for. Beregninger i ADAM modellen viser, at investeringerne over en 3-årig periode skaber 872 arbejdspladser årligt – eller 5 arbejdspladser per virksomhed. I forhold til de forventede tabsudgifter på udstedte Vækstkautioner er beskæftigelseseffekten per udgiftskrone 15 gange større end effekten af udgifter til offentlige investeringer. URI: http://hdl.handle.net/10398/8660 Files in this item: 1
Jacobsen_CEBR-rapport.pdf (451.5Kb) -
Theory and Practice of Stakeholder Engagement in ScandinaviaStrand, Robert; Freeman, R. Edward (Frederiksberg, 2012)[More information][Less information]
Abstract: In this article we clarify the historical roots of stakeholder theory to establish that a much larger role was played by Scandinavian thinkers in its development than is currently acknowledged. We show that important contributions to the stakeholder concept were being made by Eric Rhenman and his Scandinavian contemporaries in parallel to the contributions from the Stanford Research Institute (SRI) in the early 1960s and thereafter and thus are not a “historical trail” as they are currently labeled. Therefore we offer a significant modification to the historical narrative as presented in Strategic Management: A Stakeholder Approach (Freeman, 1984). These important Scandinavian contributions include the first publication and description of the expression „stakeholder‟ in management literature accessible to scholars throughout the world and the introduction of the first stakeholder map to the management literature. We use this occasion to consider potential relationships between these early Scandinavian contributions to the stakeholder concept with current practices of well-known Scandinavian companies. Through this we contend the evidence suggests relationships worthy of further considerations. We conclude by endorsing the expression “Scandinavian cooperative advantage” through which we intend to provoke increased attention from beyond Scandinavia. Cooperation between companies and their stakeholders is increasingly recognized as necessary for the social and environmental sustainability of world and the long-term profitability of companies where we contend inspiration for such cooperation may be prosperously drawn from Scandinavia. URI: http://hdl.handle.net/10398/8657 Files in this item: 1
Strand_Freeman_WP01-2012.pdf (1.319Mb) -
what types of firms use universities as a source of innovation?Laursen, Keld; Salter, Ammon (København, 2003)[More information][Less information]
Abstract: Abstract This paper examines the factors that influence whether firms draw from universities in their innovative activities. The link between the universities and industrial innovation, and the role of different search strategies in influencing the propensity of firms to use universities is explored. The results suggest that firms who adopt "open" search strategies and invest in R&D are more likely than other firms to draw from universities, indicating that managerial choice matters in shaping the propensity of firms to draw from universities. Key words: University-industry links, innovation, external search strategies JEL Codes: C25, C42, O31, O32 URI: http://hdl.handle.net/10398/7260 Files in this item: 1
03-16.pdf (758.8Kb) -
Lessons for the EU from United States History, 1789 - 1861Sweeney, Richard J. (København, 2003)[More information][Less information]
Abstract: If secession or expulsion ends in a "velvet divorce," as with Czechoslovakia, costs are minimal and the split is relatively unimportant. High costs arise if a federation splits into mutually hostile, comparably sized regions. Perhaps the majority of splits lead to dangerous hostility. A well-designed constitution minimizes the likelihood of hostile splits by limiting the issues that are dealt with at the federal level, by providing checks and balances, and by establishing due process under the rule of law. Preventing the conditions under which a hostile split may arise is more costeffective than trying to optimize the terms of a split or to find last-minute compromises to forestall the split. URI: http://hdl.handle.net/10398/6786 Files in this item: 1
wplefic122003.pdf (396.6Kb) -
Why Didn’t the U.S. Civil War Go On and On?Sweeney, Richard J. (København, 2003)[More information][Less information]
Abstract: The post-Civil War reconciliation between the North and the South is a very rare event in the history of civil wars. The South was thoroughly beaten. Top generals, particularly Robert E. Lee, saw further fighting as "useless effusion of blood." There was no call by top Confederate leaders for continuing the fight with the type of bushwacking that occurred in Missouri and Kansas. Reconstruction is often thought of as harsh, but compared to the standards of history Confederates were by and large treated well after the Civil War. Within a decade or so of the end of the Civil War, conservative white elites had established political, economic and social dominance in the South. They had lost their "slave property" and the "government of our own." They could never get back slavery, and a government of their own was not worth fighting for. There was little reason for the kind of persistent low-level guerilla warfare that often occurs after civil wars, or the organization of a succession of rebellions. URI: http://hdl.handle.net/10398/6810 Files in this item: 1
wplefic132003.pdf (447.2Kb) -
Hedman, Jonas (Frederiksberg, 2010)[More information][Less information]
Abstract: Historically, organizations developed their information systems in-house. Today, a large portion of information systems development is based on acquisition of pre-made information systems, so called commercially off the shelf (COTS) systems. This approach of developing information systems requires new skills and methods supporting the process of evaluating and selecting information systems. This paper presents a method for selecting COTS systems. The method includes the following phases: problem framing, requirements and appraisal, and selection of systems. The idea and distinguishing feature behind the method is that improved understanding of organizational’ ends’ or goals should govern the selection of a COTS system. This can also be expressed as a match or fit between ‘ends’ (e.g. improved organizational effectiveness) and ‘means’ (e.g. implementing COTS systems). This way of approaching the selection of COTS systems as viewing COTS systems as a ‘mean’ to reach organizational ‘ends’ is different from the mainstream view of information systems development, which view information systems development as a problem solving process, and the underlying ontological view in other COTS selection methods, which focus on selection of functionality not reaching organizational ends. URI: http://hdl.handle.net/10398/7999 Files in this item: 1
CAICT_Com_12010.pdf (83.34Kb) -
Interpreting and Learning from the Rise and Decline of the Oticon Spaghetti OrganizationFoss, Nicolai J. (Frederiksberg, 2001)[More information][Less information]
Abstract: Infusing hierarchies with elements of market control has become a much-used way of simultaneously increasing entrepreneurialism and motivation in firms. However, this paper argues that such “internal hybrids,” particularly in their radical forms, are inherently hard to successfully design and implement, because of fundamental credibility problems related to managerial promises to not intervene in delegated decision-making ¾ an incentive problem that is often referred to as the “problem of selective intervention.” This theoretical theme is developed and illustrated, using the case of the world-leading Danish hearing aids producer, Oticon. In the beginning of the 1990s, Oticon became famous for its radical internal hybrid, the ”spaghetti organization.” Recent work has interpreted the spaghetti organization as a radical attempt to foster dynamic capabilities by imposing loose coupling on the organization, neglecting, however, that about a decade later, the spaghetti organization has given way to a more traditional matrix organization. This paper presents an organizational economics interpretation of organizational changes in Oticon, and argues that a strong liability of the spaghetti organization was the above incentive problem. Motivation in Oticon was strongly harmed by selective intervention on the part of top-management Changing the organizational structure was one means of repairing these motivational problems. Refutable implications are developed, both for the understanding of efficient design of internal hybrids, and for the more general issue of the distinction between firms and markets, as well as the choice between internal and external hybrids. URI: http://hdl.handle.net/10398/7894 Files in this item: 1
DRUID_01_16.pdf (186.7Kb) -
Lessons from the Causes of the American RevolutionSweeney, Richard J. (København, 2003)[More information][Less information]
Abstract: Because the conflicts that led to the American Revolution mainly arose from constitutional issues, the history of these conflicts offers lessons for the design of the new European Union constitution. One lesson is the importance of avoiding needless conflicts between federal and member-state governments. In particular, forcing decisions on where sovereignty lies may cause great conflict. Another lesson is that a federal system depends on good will among the federal and member-state governments, and because this good will is easily dissipated, efforts should be made to nurture it. Federal exercise of power will often alienate member states; thus, a sensible strategy is to grant the federal government only the minimal powers that a strong consensus agrees it must have, and to change these powers only by strong consensus. Removing "democratic deficits" may not be sufficient in many cases to give legitimacy to exercise of federal power; minorities may require protection by constitutional limits on federal powers. URI: http://hdl.handle.net/10398/6782 Files in this item: 1
wplefic102003.pdf (372.3Kb) -
Keuschnigg, Christian; Nielsen, Søren Bo (København, 2007)[More information][Less information]
Abstract: In financing start-up firms, venture capitalists carefully select among alternative projects, design incentive compatible financial contracts and support portfolio companies with value enhancing managerial advice. This paper considers how venture capitalists can induce self-selection among entrepreneurial firms with different qualities by designing appropriate contracts and offering commercial support. We study the efficiency of the competitive market equilibrium with respect to the level and quality of entrepreneurship and the level of effort by entrepreneurs and venture capitalists. We also provide comparative statics results with respect to basic preference and technology parameters. Venture capital, entrepreneurship, self-selection, moral hazard. URI: http://hdl.handle.net/10398/7707 Files in this item: 1
artikel 07.pdf (407.6Kb)