The strategic management literature makes frequent references to the need for directing the firm's responses to <u>perceived</u> opportunities or threats in the environment. The purpose of this study is to determine if the top executives from different firms view an important environmental development differently, in terms of it being an opportunity or threat, and, if so, do these perceptions relate to organizational factors and to personal characteristics of the top executive? A model is proposed and includes organizational strategy, organizational structure, executive locus of control and behavioral response repertoire. Fourteen operational hypotheses are formulated. Thirty-six top executives of firms in the metalworking machinery and equipment industry are polled for their opinions of flexible manufacturing systems (PMS) developments. PMS refers to technology that is only now becoming available and consists of the integration of computer facilities and robotics mechanisms. Predecessors of PMS include numerically controlled machinery (NCM), computer aided design (CAD) and computer aided manufacturing (CAM). The effect of locus of control on PMS perceptions is not analyzed because of measurement problems. Correlation analyses reveal that organizational strategy, some aspects of organizational structure, and certain characteristics of the top executive are related to PMS perceptions at close-to-significant levels. Cluster analysis is applied to the data on strategy and structure to identify groups of firms on the basis of the similarity in their strategy-structure features. Executives' perceptions of PMS are compared across groups, and certain combinations of strategy type and structural characteristics relate to more opportunistic perceptions, although not at significant levels. The results of the statistical findings are discussed and an interpretation offered. Suggestions for future research on strategic issue perceptions are proposed. / Ph. D.

Thesis (MBA)--Stellenbosch University, 2001. / Please refer to full text for abstract.

Approved for public release; distribution in unlimited. / The purpose of a United States Army Directorate of Contracting (DOC) is to award or execute contracts for supplies or services and perform post-award contract administration functions for the Army installation and Army units stationed at the installation. The DOC accomplishes its purpose within the context of the Federal Acquisition System's Vision, which is to deliver on a timely basis the best value product or service to the customer, while maintaining the public's trust and fulfilling public policy objectives. A DOC must consider many external stakeholders to achieve its purpose. The basic premise of this thesis research is to improve a DOC's organizational effectiveness through the examination of its external environment, particularly, external stakeholders. The concept of stakeholder management concentrates on an organization's need to consider its relationships with specific stakeholder groups. An organization's ability to satisfy the desires of key stakeholders, meeting the stakeholders' criteria, is the key to an effective organization. Data were gathered from 15 government stakeholders and 14 contractors using a questionnaire that addressed such questions as: What are your organizations expectations and requirements of the DOC? How well did the DOC meet your needs and expectations? Does your organization control a resource needed by the DOC? The thesis summarizes findings and provides recommendations. The overall benefit of this thesis research is improved environmental awareness, which enables the DOC to become more effective in achieving its mission and meeting the desires of its external stakeholders. / Major, United States Army

China has been undergoing economic reform and institutional transition from a planned economy to a market economy in the past twenty years. An important product of this is the emergence of interlocking directorates, a director who sit on multiple directorate boards of corporations. The formation of interlock network reflects the ongoing changes at economic, social and corporate levels. Its functioning mechanisms are also embedded within China's unique institutional environments. Given this background, this dissertation seeks to examine the corporate network of directorship interlocks in China, specifically with regard to the following three research questions. First, what is the corporate interlock network structure? Second, why do firms form directorship interlocks? And third, how does directorship interlock influence firm performance? / Cross-sectional data from 949 listed firms in 1999 and panel data from 284 listed firms spanning eight years (1994-2001) were employed to examine the interlock network structure and test the propositions. The results show that, first, directorship interlock network reflects the key structural features of Chinese economy. Second, the formation of interlocks reflects the inter-organizational demand and the demand of external interest group coalitions. Third, due to governance failure and institutional voids, interlock network acts as a social cohesion device and enables the emerging managerial class to exploit modern corporations to the detriment of shareholders' interests. This exploitation has dampened firm performance and economic growth. Such exploitation is constrained under concentrated ownership structure and under the ownership structure with high level of state ownership. / The dissertation contributes to the current literature in the following ways. First, it reports the first examination of the structural aspect of Chinese economy. Second, borrowing the conventional wisdom in directorship interlock literature, the dissertation incorporates China's unique institutional environments in examining the antecedents and consequences of directorship interlock, transcending the narrow theoretical synthesis of current interlock studies. Third, it highlights the complex "agency problem" that has emerged during the process of China's economic development---"managerial class exploitation." Fourth, it highlights the important role of a concentrated ownership structure and state ownership in constraining and facilitating the "managerial class exploitation". The dissertation provides significant insights in the fields of transitional economy, corporate governance, and directorship interlock network. / The dissertation makes four major propositions. First, the corporate network of interlocking directorates reflects key structural aspects of the Chinese economy. Second, directorship interlock may act as a strategy helping corporations to manage inter-organizational relationships and environmental uncertainty during the institutional transition. It may also act as a device for external interest groups to counterbalance the internal corporate power and exercise their control. Third, directorship interlock may perform two functions with opposing effect on firm performance. One is to act as an inter-organizational strategy to fill the institutional voids and enhance firm performance when the market fails. The other is to act as a social cohesion device to exploit institutional voids, facilitate managerial class exploitation, and dampen firm performance when governance fails. Fourth, ownership structure is an important factor in moderating directorship interlock network effects on firm performance during the institutional transition. / Ren Bing. / "August 2005." / Adviser: Kevin Au. / Source: Dissertation Abstracts International, Volume: 67-07, Section: A, page: 2653. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (p. 265-280). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract in English and Chinese. / School code: 1307.

published_or_final_version / Education / Master / Master of Education

Thesis (D. Tech.) -- Central University of Technology, Free State, 2007 / Success in today’s competitive business environment demands innovative approaches. Organisations must be able to react effectively and make informed decisions in order to be in the best position to take advantage of collaborated business opportunities in the organisation’s external network. The results of strategic decisions are affected by the strategic choices that are made and how successfully those objectives are implemented. In many cases the strategies have mediocre success or fail to achieve what they set out to do due to the failure to formulate and implement strategies that enhance the development of a sustainable competitive advantage in the long term. The case study organisation, MultiChoice Africa (Pty) Limited, serves as an example in understanding the knowledge base imperative in utilising strategic management instruments such as Kaplan and Norton’s (1996a: 8-18, 224-292) Balanced Scorecard to guide leadership in creating real-time value, thereby creating a sustainable competitive advantage. Balanced Scorecards have largely been developed and applied to internal managerial purposes, though they are seldom used for external marketing. The purpose of this research was to evaluate the strategic value of the Balanced Scorecard in the networked economy, utilising a case study design by following a phenomenological paradigm approach. The outcome was based on a pre- and postanalysis of the implementation of the Balanced Scorecard within the case study organisation, focusing on the perceived value towards overcoming the barriers to strategy implementation, developing a competitive advantage and sustaining this advantage. Sustainability was specifically defined and tested against the environment and ethical behaviour as the results indicated that a link exists between sustainable competitive advantage and the appropriate utilisation of the Balanced Scorecard. Research results suggest that respondents appear to be enthusiastic and have started the process of transforming the organisation into a ‘Balanced Scorecard organisation’. The main advantages included an increased awareness of vision, linking operational tasks to strategic employees’ participation and flexibility. Shortcomings, on the other hand, included the perceived lack of contribution of the Balanced Scorecard to the final outcome as well as to the transformation process. A number of limitations were evident in the design, deployment and utilisation of the Balanced Scorecard in overcoming the barriers to strategy implementation and how to gain a sustainable competitive advantage in the networked economy. Important aspects surrounding employees and stakeholders were also highlighted as the design of the case study organisation’s original Balanced Scorecard is based on its value chain. However, due to the networked economy and its implications for the organisation, the Balanced Scorecard architecture should be modified to make provision for a networked design. These modifications should incorporate additional constructs that need to be taken into consideration when creating larger networks and establishing collaborative communities of practice. Key to the organisation’s future strategic value and intent is the successful implementation of change management (transformation) as a driver into the application of the Balanced Scorecard in the networked economy. Insight gained was used to propose a theoretical model based on global business landscape demands, utilising new and innovative strategies and business model architectures that require the convergence of aggregated metrics of all role players in the borderless network, as outlined in the ‘Networked Balanced Scorecard’ theoretical model. The theoretical model outlines how organisations can reform and integrate their Balanced Scorecards to support strategy formulation, implementation and control. It therefore supports sustainable competitive advantage and is based on embracing components of competitive intelligence and collaboration in the networked economy. It is thus suggested that organisations can no longer implement sustainable competitive advantage strategies in isolation, but need to focus on organisational development strategies that encapsulate the network concomitance structure and architecture, thereby attaining the new value proposition for strategic intent.

Thesis (MPA)--University of Stellenbosch, 2002. / ENGLISH ABSTRACT: The City of Cape Town has adopted the Balanced Scorecard as an organisational performance management system. Presently the system has only been implemented as a pilot project in the top three management levels of the organisation. The question then becomes one of how can individual obj ectives be aligned with the organisation's strategic objectives in this scenario. The purpose of this research is to propose a performance management model based on the Balanced Scorecard that aligns individual goals and objectives to those of the organisation. The study is in the form of a case study and specifically applies to the City of Cape Town Fire and Emergency Service. The foundation of the research is based on the creation of a sound theoretical base relating to organisational and individual performance management and the Balanced Scorecard. Once this understanding has been created the next step is to describe the development and implementation of the Balanced Scorecard project within the Cape Town context. This is the point of departure for the proposal of a Personal Scorecard performance management model. Data is to be collected via a process of semi-structured interviews and questionnaires. The information gained during the interviews created the framework within which the Personal Scorecard model was proposed. The questionnaire was used to pilot the main component of the Personal Scorecard model, namely the objective setting process. This created an opportunity to test the hypotheses made as the Personal Scorecard was developed. Once all of the components have been combined into the performance management model this research will be concluded with the presentation of recommendations relating to the knowledge gained during the model development process and alternative applications for the Personal Scorecard will be discussed. / AFRIKAANSE OPSOMMING: Die Stad Kaapstad het die "Balanced Scorecard" as 'n organisasie prestasie bestuursmeganisme aanvaar. Huidiglik is die meganisme net in die boonste drie bestuurs vlakke van die organisasie in gebruik geneem. Die kwessie wat geantwoord moet word is hoe individuele doelwitte met die van die organisasie versoen kan word in hierdie spesifieke scenario. Die doel van hierdie navorsing is om n prestasie bestuursmodel voor te stel wat op die "Balanced Scorecard" gebaseer is en individuele doelwitte met die van die organisasie versoen. Hierdie studie neem die vorm van 'n gevallestudie en is spesifiek gerig op die Stad Kaapstad Brand and Nooddienste. Die fondament van hierdie navorsing is gebaseer op die skepping van 'n sterk teoretiese basis met verband tot organisasie- en individuele prestasie bestuur en die "Balanced Scorecard". Die volgende stap is om die Balanced Scorecard ontwikkeling en uitvoering projek van die Stad te beskryf. Hierdie word die vertrekpunt vir die voorgestelde "Personal Scorecard" prestasie bestuursmodel. Data word versamel deur middel van semi-gestruktureerde onderhoude en vraelyste. Die inligting wat gedurende die onderhoude vesamel is het die raamwerk geskep waarin die "Personal Scorecard" voorgestel is. Die vraelyste is gebruik om die hoof bestanddeel van die "Personal Scorecard" model te loods namelik die doelwitstellendemeganisme. Hierdie proses het die geleentheid geskep om die hipotese wat gedurende die ontwikeling van die "Personal Scorecard" gemaak is, te toets. Na hierdie komponente gëintegreer is binne die prestasie bestuursmodel sal die navorsing afgesluit word met aanbevelings gebaseer op die kennis wat gedurende die modelontwikkeling proses versamel is en alternatiewe gebruike vir die "Personal Scorecard" sal bespreek word.

Thesis (MBA (Business Management))--Stellenbosch University, 2008. / Traditionally, organisational performance and efficiency measurements have been focused on cost containment. Today, however, performance measurement systems of world-class organisations are tailored to drive manufacturing and service business excellence. Quality is crucial for gaining a competitive advantage internationally. Quality award programmes promote quality awareness, recognise the quality achievements of companies and provide a platform for sharing successful quality management initiatives. Quality award frameworks form the foundation for developing business excellence models. Business excellence models are based on the premise that customer satisfaction, people (employee) satisfaction and impact on society are all achieved through leadership driving the policy and strategy, the people management, resources and processes, leading ultimately to excellence in business results. In this paper five of the most prominent international business excellence models are discussed. The success stories of companies that have implemented these models are looked at and the South African Excellence Model is compared with these five international models. The aim of the study is to analyse the South African Business Excellence Model as compared to international models such as the Deming Prize, the MBNQA, the EFQM, the AQA and the SQA. Case studies of two companies, Combine Cargo and Daimler Chrysler, are analysed with the aim of determining the shortcomings of the SAEM and the effects of the SAEM on business practices. Conclusions are drawn based on the experiences of these businesses, in order to verify the shortcomings and the effects of the SAEM. Lastly, the reasons for the failure of the SAEF and the SAEM are investigated and recommendations and guidelines are given for the revival of the SAEM and the promotion of quality in South Africa.

A research report submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Management specialising in Entrepreneurship and New Venture Creation March 2016 / The purpose of this research is to investigate how organisational factors such as management support, reward/reinforcement and work discretion fosters corporate entrepreneurship at State Owned Entities (SOE) in South Africa and Zimbabwe. Several studies have been conducted on corporate entrepreneurship in the private sector with limited research on the same factors in the public sector, especially in Africa. The Corporate Entrepreneurship Assessment Instrument (CEAI) was used in measuring managers’ perception on management support, reward and reinforcement and work discretion. Four hundred on-line questionnaires were distributed, with a response rate of 169 managers from South African and Zimbabwean state owned entities. An hierarchical multiple regression model was used to analyse the results, which showed that there was a positive and significant relationship between management support, reward/reinforcement and work discretion with innovation, confirming results from previous studies. Occupational level was found to moderate the relationship between management support and innovation and the relationship was found to be strongest at junior management level. No moderation effect was found when reward/reinforcement and work discretion was tested with innovation. Further evidence from the survey results also indicated that Zimbabwean SOEs had higher levels of reward /reinforcement and work discretion than South Africa, but both countries had the same level for management support and innovation. However Zimbabwe had implemented more projects than South Africa, indicating that its SOEs were more entrepreneurial. Finally, when occupational levels were considered, Zimbabwe had higher scores for all the three independent variables, except for innovation, which South Africa was leading at junior management levels. However, the levels at middle and senior management was the same for both countries / GR2018

M.Com. (Financial Management) / Mergers and acquisitions (M&A) is a thoroughly researched area in finance. However, some basic concerns still remain unresolved such as the measurements of corporate performance post M&A (Agrawal, Jaffe & Mandelker, 1992:1605. In this study, the impact of M&A on corporate performance of South African listed companies in the financial sector was investigated. The primary goal was to determine if corporate performance post M&A does actually change. Share price studies have had little success in relating the gains in equity value of M&A to improvements in subsequent corporate performance (Healy, Palepu & Ruback, 1992:136). Therefore, an accounting study approach was applied to determine if corporate performance changes post M&A. The accounting study utilised a quantitative approach that follows a quasi-experimental research design. This involved statistical testing to examine the accounting data of companies before (pre-testing) and after (post-testing) the M&A, to determine a change in corporate performance. Accounting ratios were applied as performance indicators and consisted of: inflation adjusted return on assets, inflation adjusted return on equity, operating profit margin and return on capital employed. None of the performance indicators indicated a statistical significant change between pre and post M&A performance. It was concluded that the sample of financial companies that engaged in M&A did not experience a significant change in corporate performance within their first financial year post M&A.