Firm performance

Li and Hsiao [143] provide a useful approach to the environmental problem of removing (by stripping) volatile organics from solution in a contaminated water stream by using fresh air as the stripping medium. It should be noted that a number of industrial firms perform this stripping with steam. The mass balance on the VOC component around the column (trayed or packed) as shown in Figure 8-55 uses the symbols of Reference 143. 

Chen IJ, Paulraj A, Lado AA (2002) Strategic purchasing, supply management and firm performance. Journal of Operations Management 22 (5) 505-523... 

This is the approach taken here. The research effort - termed the Evergreen Research Program for its emphasis on determining what factors account for sustained growth in performance - is the largest study of firm performance ever undertaken (Joyce, Nohria, Roberson, 2003). It provides a new and important perspective on growth both as a means to profitability and as an end in itself. 

I will refer to the analyses based on these sources collectively as the fact book coding and analysis (FCA) portion of the Evergreen studies. It is believed that these analyses represent the largest exploration of text-based secondary source information concerning the causes of firm performance to date. Furthermore, they are based on data sources that have generally not been drawn upon by organizational researchers because of the formidable methodological issues that have to be confronted and addressed for their utilization. 

The secondary source of information contained in the fact books was then subjected to a methodology termed Issues Analysis (Joyce Nohria, Roberson, 2003). This procedure determines the content and importance of issues that are relevant to firm performance. The process begins by identifying a set of initial issues for the individual firm being studied. The initial issues were selected on the basis of accepted management practice and relevant research in organization theory. 

Following this they were weighted by the frequency with which they were mentioned in the secondary source articles constituting the fact book for that particular firm, and ranked in order to clarify which issues were the most important. The ranking of issues determines the relative importance of various causes of firm performance, and was accomplished in both time-periods 1 and 2 of the study. 

The analyses described above provide information useful for explaining differences in firm performance among the set of firms comprising each Quad. However, interpretation across Quads, and ultimately across industries, requires that the data be aggregated to a higher level. 

Sequence comparison is a technique for comparing two strings, sequences, or vectors for the purpose of determining the distance between them, and consequently their relationship. The items making up the sequence could be numbers, symbols, tones, letters, or words. We could, for example, compute a metric distance between the names William and Victor. Recognizing this, it is a simple extension to understand that assertions concerning the causes of firm performance are sequences of words, and that sequence comparison methodology can be used to compute similarity measures between these assertions. 

Zott, C. 2003. Dynamic capabilities and the emergence of intraindustry differential firm performance insights from a simulation study. Strategic Management Journal, 24 97-125. 

Gupta (2002) reexamined the impact of partial privatization on firm performance, using data on the sale of noncontrolling equity stakes on the stock market by state-owned enterprises in India. He found that partial privatization has a positive and highly significant impact on the sales, profits, and labor productivity of these firms. 

Gupta, Nandini. 2002. Partial Privatization and Firm Performance. Unpublished working paper, Columbia University. August. Available at www-l.gsb.columbia.edu/ divisions/management/seminar/papers/gupta.pdf... 

A detailed review of the levers applied by private equity players makes it clear that they are neither new to the chemicals business, nor ignorant of its particularities. Nevertheless, top-tier buyout firms perform so well that it seems that applying the right levers and aligning the interests of all parties can add significant value. 

Epoxy resins are not finished products but are reactive chemicals which are combined with other chemicals to give systems capable of conversion to predetermined thermoset products. Manufacturers of epoxy resins and hardeners do not supply finished compounds. Some specialised firms perform the task of compounding for several products. 

The emergence of dozens of small biotechnology firms performing pharmaceutical research in the 1980s would make this point more... 

Product liability could increase R D costs and lengthen the R D process as firms perform defensive studies to help protect themselves from subsequent negligence claims and as they absorb the costs of liability for a drug administered during the clinical R D phase. 

The location of the monitoring detector should take into consideration the range of radiation observed during qualification. The point of lowest radiation intensity will be the basis for calculating total exposure. Some firms perform a brief mapping study prior to a photo-stability smdy to confirm the point of lowest intensity. 

For certain activities, like demolition, removal, repair work, or maintenance, in respect of which it is foreseeable that the OEL will be exceeded despite technical preventive measures, the directive contains special provisions. Firms performing demolition work have to provide evidence of their ability. Details of this can be decided upon by each of the member states. 

Sivasubramaniam, R, and Ratnam, C. S. V. (1998), Human Resource Management and Firm Performance The Indian Experience, Paper presented at the Annual Meeting of The Academy of Management (San Diego, August). 

The work flow/activity indicates how the firm performs its tasks and activities. The level of integration of processes across the supply chain would be a measure of organizational structure. AU but one of the literature sources examined cites work structure as an important component. 

Bowen, D. E., 8c Ostroff, C. (2004). Understanding HRM-firm performance linkages The role of the strength of the HRM system. Academy of Management Review, 29, 203-221. 

Richard, O. (2000). Racial diversity, business strategy and firm performance A resource-based view. Academy of Management Journal, 43, 164-177. 

Competitive pressures to restructure the workplace by adopting new technologies, new management practices, new work tasks or processes, and new models of work organization give greater impetus to finding HRM practices that improve firms performance (Appelbaum and Batt... 

A case study carried out at Duffield Printers, a small printing firm performing an environmental review towards registration under BS 7750, reported that as a result of the review, their use of chemicals could be reduced by 50% and some solvents could even be totally eliminated. Additional improvements in aspects of quality and in the cost of lighting led to total savings approaching 10,000 per year [21]. 

Schrettle S, Hinz A, Scherrer-Rathje M, Friedli T. Turning sustainability into action explaining firms sustainability efforts and their impact on firm performance. Int J Prod Econ 2014 147 (Part A) 73-84. 

Bou, J.C. and Beltran, I. Total quahty management, high-commitment human resource strategy and firm performance An empirical study. Total Quality Management 16(l) 71-86, 2005. 

KPIs provide a commonly accepted means of assessing firm performance. Chosen indicators vary by firm. They may be internally generated, or alternatively, bought-in from an external source in benchmarking against other companies within the marketplace. Regularity of assessment will depend upon the particular measure. 

Ozcan, P. and Eisenhardt K. M. (2009), "Origin of alliance portfolios Entrepreneurs, network strategies, and firm performance," Academy of Management Journal, 52 (2), 246-79. 

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