International Transactions in Operational Research
This paper examines the classical seat allocation problem under competition between two airlines with different cost structure. The cost asymmetry that has been ignored in the yield management literature can be caused by either operations or distributions. We investigate the decision problem of two airlines offering two identical fare classes under both the simultaneous and sequential allocations. For both allocation cases, we show the existence, uniqueness and stability of pure-strategy Nash equilibrium under a reasonable condition on the ratios of relative profit margins of the two fare classes. We find that there will be fewer seats protected for the full-fare class if the discount seats can be booked first. We found that the asymmetry in costs has two effects on the equilibrium solutions: (a) an airline behaves aggressively for the fare class where it enjoys a cost advantage; (b) an airline tends to balance the trade-offs internally when it has absolute cost advantage in both fare classes. In deriving the collusive solution for both cases for comparative purposes, we discover new insights by solving the two-flight, two-fare seat allocation problem with different cost structures on the two flights. In particular, we show that rivalry in full-fare seat protection leads to a Prisoners' Dilemma for the carriers. Finally, a numerical example is used to illustrate various analytical results.
Launching a business in China? Give yourself a "second mover advantage." China-bound entrepreneurs and small business owners: learn from experienced China hands before you bring your business to the world's largest and most dynamic consumer market.
Preparing to manage a small business in China, the world's largest, most dynamic consumer market? Hundreds of thousands of other international businesspeople are too, but only a small percentage of them will succeed in bringing their start-up dreams to life in the Middle Kingdom.
Give yourself a huge head-start by learning directly from experienced China pioneers. CHINA ENTREPRENEURS delivers street-tested advice on launching, growing, and operating your own business in China. Authors Juan Antonio Fernandez, professor of Management at the China Europe International Business School, and Laurie Underwood, accomplished journalist and Director of External Communications at CEIBS, use their combined 26 years of China experience to interview 40 successful international entrepreneurs who have launched and built businesses in China.
These entrepreneurs share their first-hand advice, anecdotes and best practices in tackling the key challenges of winning in the China market, from negotiating with government and winning necessary start-up approvals, to hiring and keeping the right staff, to collecting payments and to safeguarding intellectual property. In addition, the experiences of the entrepreneurs will be juxtaposed against insights from experienced China consultants who assist start-ups in operating in China. Thus the book will balance extensive, on-the-ground business advice against the insights of consultants who have risen to prominence in the China business environment by advising SME business operators on succeeding in China.
Management International Review
The last two decades have witnessed an unprecedented transfer of Western management education theories and pedagogies into China and most Chinese MBA programs are now being modeled on their Western counterparts.
To gauge the impact of this infusion of Western methods and theories on China's management educational system, we have conducted a narrative analysis of Chinese MBA teaching cases published before and after this transfer.
The holistic approach to management, prevalent in early Chinese MBA cases and typical of traditional Chinese culture, has largely disappeared and Chinese cases now exhibit many of the same weaknesses and deficiencies that have been documented in Harvard Business School cases.
Management Education" Business Schools
What do Chinese managers do? What do they do differently from Western managers? This paper is based on an empirical study in Chinese organizations in Singapore that analyzes differences in managerial work and behavior. The paper deals with the managerial work of Chinese organizations, and the managerial roles in Chinese organizations. A comparison between these research findings and Mintzberg's study is also presented. Implications are drawn for Chinese managers, management educators, and organization theorists.
Journal of International Business Studies
International equity fund investors do not flock into funds with the highest recent raw returns but pay more attention to risk-adjusted performance. Except for the riskiest investment objectives, investors chase investment objectives with high returns. While international growth fund investors flock into larger and less risky funds, regional fund investors invest more in smaller funds. Investments in regionally diversified funds are more likely to be treated by investors as a swing component in their total asset mix. A stronger U.S. dollar leads investors to increase their investments in European equity funds but to stay away from the riskier developing markets equity funds. International equity fund investors do not appear to be sensitive to expenses or subject to the influence of marketing or sales efforts.
International Equity Funds
Asian Case Research Journal
Toehold Artisans Collaborative (TAC) is a project launched by the Asian Center for Entrepreneurship Initiatives (ASCENT), a non-profit organization based in Bangalore, to build entrepreneurial capacity in a community of footwear artisans of the small southern Indian town of Athani. Prior to ASCENT's involvement, which began in 1998, the artisans of Athani were making a subsistence wage, which did not even guarantee them two square meals a day. They could not send their children to school and were thus suffering from economic stagnation. TAC is an established Group Enterprise of 14 women Self Help Groups (SHG). Even though women's SHGs are the direct stakeholders, the men are not left out — they are treated as co-preneurs for all inputs, exposure to international fairs and production purposes. The front end of TAC is a customer-centric business enterprise that has taken the exquisite footwear brand 'ToeHold™' to challenging international mainstream markets. The backend is an artisan-ce)
With 175 family businesses on the Fortune 500 list, from DuPont and Motorola to IBM, there is no doubt that family-run enterprises play an important role in global economic development. Their role is no less significant in China where, in keeping with the country's rapid economic growth, family businesses are emerging in increasing numbers.
Unique characteristics, such as succession, management, staffing, family affairs, strategy planning and governance structure, set family businesses apart from other business types. As a result, they face particular challenges in survival and sustainability.
In this book, three modern Chinese family businesses, including food and beverage company Yeo Hiap Seng, are studied to analyze the problems that family enterprises face. Other case studies include long-standing family businesses in Europe, America and Asia, such as Ford, Kikkoman and Samsung. This book also discusses the changing characteristics of Chinese family businesses, the pitfalls that such enterprises are likely to face, and how they can overcome these pitfalls and achieve sustainable development.