During the last decade the literature on Léon Walras has expanded enormously and, if the signs are right, there is more to come. Undoubtedly, the increased attention for the work of Walras has a lot to do with the increased accessibility of the work through the publication of the collected works by the Centre Walras at the University of Lyon and the archival work at the Centre Walras & Pareto…
The metaphor of dwarfs standing on the shoulders of giants expresses the meaning of discovering truth by building on previous discoveries. Although it is originally attributed to Bernard of Chartres in the twelfth century, Isaac Newton popularized the concept in 1676. The concept is as relevant for us today as it was for Newton in the seventeenth century. Since the early 1980s, pioneering…
Authors usually struggle with finding the right way of presenting the subject matter of their book, because it is not an easy job to guide the readers through a large number of closely interrelated issues in a really effective and enjoyable manner. This is particularly true in case of addressing procurement since many of the work processes to be described are of iterative nature. It means …
Over the last couple of years, e-procurement has received tremendous attention from researchers and practitioners alike. However, research on e-procurement is still scarce and scattered. This chapter looks into prior research on inter-organizational information systems (IOIS), electronic data interchange (EDI), channel management, and procurement to develop a research framework and identif…
There are many ways to perform abdominal organ procurement (1–19). In this book, I describe the abdominal multiorgan procurement operation, which is performed on a hemodynamically stable, brain death donor. Brain death is defined as a complete, irreversible, and permanent cessation of electric activity of the brain, including the brain stem. The donor is defined as a heart-beating donor (…
This monograph examines the domain of classical political economy using the method- ologies developed in recent years both by the new discipline of econo-physics and by computing science. This approach is used to re-examine the classical subdivisions of political economy: production, exchange, distribution and finance. The book begins by examining the most basic feature of economic life – pr…
Would you rather live in a world without blood transfusions or a world without maritime insurance? Blood transfusions are dramatic and memorable (which is why we see them on prime-time hospital shows), while the facilitation of commerce through risk sharing is routine and easily taken for granted. But I'd be willing to bet that by almost any measure, three centuries of organized insurance marke…
This book has been written in order to contribute to the debate about best practice in construction procurement. At the outset it should be made plain that the authors do not subscribe to the view that there is any such thing as best practice. The main argument in this book is that there can never be a best practice, only better practice, in construction procurement. The reason for arrivi…
The material in the main text ranges from a revision of high-school mathematics to applications of calculus (single-variate, multivariate and integral) to economics and finance. For example: linear and quadratic functions are introduced in the context of demand and supply analysis; geometric sequences, exponential and logarithmic functions are introduced in the context of finance; single-variat…
Starbucks’, the Seattle-based coffee store mission is to inspire and nurture the human spirit: one person, one cup, and one neighborhood at a time. The company is well-known for its ethical sourcing of coffee from farmers all over the world, environmental stewardship (by 2015 all cups will be reusable or recyclable), and community involvement through volunteer work in neighborhoods wh…
The genesis of this book is the confluence of past and present food and nutrition policy. Each generation of people interested in the topics of food and nutrition start with a certain grounding and basis in the knowledge then currently agreed on. The elder author of this book struggled with seven food groups in school, the younger author learned about four. Those four food groups are now so ent…
Nuclear.magnetic.resonance.(NMR),.discovered.as.a.physical.phenomenon.by.Bloch. and. Purcell. in. 1945,. has. rapidly. become. the. theoretical. basis. for. a. powerful. ana- lytical.method.that.is.widely.applied.in.different.fields.of.modern.fundamental.and. applied. science. as. well. as. in. medicine. and. industry.. This. is. easily. explained. not. only. by. the. capability. of. NMR. to. s…
Sales of organic products are steadily increasing, and so is organic production in low and middle income countries. For good reason: for farmers it is an opportunity to improve their livelihoods and at the same time manage their land in a more sustainable way. It enables them to access promising local and international markets and to gain a better income. There are many successful examples of …
Operation is that part of as organization, which is concerned with the transformation of a range of inputs into the required output (services) having the requisite quality level. Management is the process, which combines and transforms various resources used in the operations subsystem of the organization into value added services in a controlled manner as per the policies of the organizatio…
The International Marketing Council of South Africa (IMC) was brought into being in August 2000 upon the realization that it was absolutely imperative to create a positive and compelling brand image for South Africa. At the time, there was a gap between the perception of the country and the reality of the country in the global marketplace. To exacerbate matters, there were many messages en…
As the technology line-item has grown in size over the past two decades, management teams have had to consider critical technology issues, including managing costs, aligning investment priorities and measuring ROI. While these are important issues, most members of the C-suite, CEOs in particular, have had little visibility into what technology actually does.
Organizations are facing exciting and dynamic challenges in the 21st century. In the gloabalized business, companies require strategic thinking and only by evolving good corporate strategies can they become strategically competitive. A sustained or sustainable competitive advantage occurs when firm implements a value – creating strategy of which other companies are unable to duplicate the…
peanut butter is in the mature stage of the life cycle. Sales increase during this stage, but at a declining rate. As Mamba sales level off, TARTINA profit margins narrow. Price competition is severe. The best way to extend the life of this product and keep profits healthy is to modify it (alter the taste, color, labeling, packaging), design new promotion, or develop new product uses. TARTI…
Most businesses never gain the traction to move into the high growth phase. For many, this is a deliberate intention – the owners being quite content to keep the business small and allow it to generate an acceptable income for themselves and perhaps some family members. But others would like to grow but don’t know how. High growth can occur by chance but waiting around for it to happen …
The guidance explains that the reference to all controls in provision D.2.1 should not be taken to mean that directors should review the effectiveness of controls designed to manage immaterial risks. Rather it means that the Board should consider all types of control including those of an operational or compliance nature as well as internal financial controls. The Combined Code and the und…
This paper examines the concepts of sustainable competitive advantage (SCA) and strategic positioning (SP) and seeks to develop a framework on determinants of SP and SCA in the food industry following the case study approach. Design/methodology/approach – This paper analyzes the concepts of strategic positioning and sustainable competitive advantage and their interrelation. The qualitati…
In the new millennium, liberalization of trade borders has accelerated the flow of goods and services in the global markets; technological advancement and scientific development have had a multiplier effect on the opportunities and choices available to consumers, thus increasing competition and putting pressure on the performance of the individual firms and businesses within economies. Undo…
Fighting poverty through business – is it possible? The answer is yes because inclusive business brings together business and social development. When companies do business with people living in poverty, both sides stand to benefit. Access to markets enables these people to make productive use of their capital and improve the quality of their lives with the money they earn. Vast oppo…
The demand for food and agricultural products is changing in unprecedented ways. Increases in per capita incomes, higher urbanization and the growing numbers of women in the workforce engender greater demand for high-value commodities, processed products and ready-prepared foods. A clear trend exists towards diets that include more animal products such as fish, meat and dairy products, whi…
To maintain a competitive position in the marketplace, a company must have a long-range plan. This plan needs to include the company’s long-term goals, an understanding of the marketplace, and a way to differentiate itself from its competitors. All other decisions made by the company must support this longrange plan. Otherwise, each person in the company would pursue goals that he or s…