The paper examines the investment performance of the world automotive industry using a sample of 21 original equipment manufacturers (OEMs) based in three major continents, North America, Europe and Asia between the years 1999 and 2004. The empirical findings suggest that there exists persistent overinvestment not only in the global level but also in the major automotive production regions analyzed. Proving that none of the 3 regions gain returns on investment at least as large as their costs of capital, shareholder wealth is not maximized in the world automotive industry. Europe, among these regions, proves to gain the highest return on investment of its cost of capital. The empirical results also show that the return on investment financed by debt is high around the world and close to 100% of its cost of capital.

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<p>The paper examines the investment performance of the world automotive industry using a sample of 21 original equipment manufacturers (OEMs) based in three major continents, North America, Europe and Asia between the years 1999 and 2004. The empirical findings suggest that there exists persistent overinvestment not only in the global level but also in the major automotive production regions analyzed. Proving that none of the 3 regions gain returns on investment at least as large as their costs of capital, shareholder wealth is not maximized in the world automotive industry. Europe, among these regions, proves to gain the highest return on investment of its cost of capital. The empirical results also show that the return on investment financed by debt is high around the world and close to 100% of its cost of capital.</p>

The title of the research is “How mentorship is perceived to contribute to the well-being of an employee in an explosives manufacturing organisation”. This research was conducted within AEL Mining Services, an explosives manufacturing organisation that is part of the AECI group of companies. The object of the research was to gain a better understanding of the association between mentorship and well-being, based on how the experience is perceived by the employee that was either part or not part of such a program, be it formal or informal. During the literature study authors such as Keating (2012:91), Govender and Parumasur (2010:2) and Masango (2011:1) felt very strongly that mentorship begins on the day of birth and continues throughout one‟s entire life where competencies in the mentor role entail understanding self and others, communicating effectively and developing employees and it is clear that great leaders would not have achieved their full potential without effective mentoring. During the literature study it was also found that advantages as well as disadvantage are linked to mentorship, but that the advantages outweigh the disadvantages. Research identifies the need for sustainable development and although a variety of mentorship models exist that are currently used, it is evident that mentorship does have an impact on whoever is subjected to it. The study adopted a quantitative methodology, in which more than one questionnaire was utilised. Mentorship was identified as the independent variable and well-being as the dependent variable. For this study, the respondents were required to disclose geographical information concerning themselves and in addition to this, the Mental Health Continuum and General Health Questionnaire was utilised in order to determine the level of well-being as perceived by the respondents, based on mentorship or the lack thereof. The Statistical Consultation Services of the North-West University determined the statistical methods and procedures for the analyses of the research. Ellis and Steyn (2003:51-53) make it clear that in many cases it is important to know whether a relationship between two variables is practically significant. The research made use of triangulation where Gratton and Jones (2010:121) propose that triangulation can strengthen the validity of research, and is useful as a means to demonstrate trustworthiness in the analysis. Based on the results generated from the statistical analysis, the mentored group has a better overall state of health and psychological well-being than the non-mentored group. The deduction is thus made that with mentorship there is a significant difference in the overall well-being of an employee that was subjected to such a program. Recommendations were made regarding further research that needs to be conducted, in which a mentorship program is tailored for a specific company/organisation within the explosives manufacturing industry, then implemented and the results of it measured over a period of time. / PhD, North-West University, Potchefstroom Campus, 2014

The title of the research is “How mentorship is perceived to contribute to the well-being of an employee in an explosives manufacturing organisation”. This research was conducted within AEL Mining Services, an explosives manufacturing organisation that is part of the AECI group of companies. The object of the research was to gain a better understanding of the association between mentorship and well-being, based on how the experience is perceived by the employee that was either part or not part of such a program, be it formal or informal. During the literature study authors such as Keating (2012:91), Govender and Parumasur (2010:2) and Masango (2011:1) felt very strongly that mentorship begins on the day of birth and continues throughout one‟s entire life where competencies in the mentor role entail understanding self and others, communicating effectively and developing employees and it is clear that great leaders would not have achieved their full potential without effective mentoring. During the literature study it was also found that advantages as well as disadvantage are linked to mentorship, but that the advantages outweigh the disadvantages. Research identifies the need for sustainable development and although a variety of mentorship models exist that are currently used, it is evident that mentorship does have an impact on whoever is subjected to it. The study adopted a quantitative methodology, in which more than one questionnaire was utilised. Mentorship was identified as the independent variable and well-being as the dependent variable. For this study, the respondents were required to disclose geographical information concerning themselves and in addition to this, the Mental Health Continuum and General Health Questionnaire was utilised in order to determine the level of well-being as perceived by the respondents, based on mentorship or the lack thereof. The Statistical Consultation Services of the North-West University determined the statistical methods and procedures for the analyses of the research. Ellis and Steyn (2003:51-53) make it clear that in many cases it is important to know whether a relationship between two variables is practically significant. The research made use of triangulation where Gratton and Jones (2010:121) propose that triangulation can strengthen the validity of research, and is useful as a means to demonstrate trustworthiness in the analysis. Based on the results generated from the statistical analysis, the mentored group has a better overall state of health and psychological well-being than the non-mentored group. The deduction is thus made that with mentorship there is a significant difference in the overall well-being of an employee that was subjected to such a program. Recommendations were made regarding further research that needs to be conducted, in which a mentorship program is tailored for a specific company/organisation within the explosives manufacturing industry, then implemented and the results of it measured over a period of time. / PhD, North-West University, Potchefstroom Campus, 2014

There can be little doubt that Six Sigma is far more than just another novelty concept; in fact, it can be considered as a proven quality philosophy and if applied correctly, ensures a competitive advantage. A rapidly increasing number of firms, from all industries and of all sizes, are now reporting significant savings or returns on their program and training investments, because of the implementation of Six Sigma. This paper investigates the origin, definition, financial benefits and challenges of Six Sigma and its implementation. Certain critical success factors determine the successful implementation of Six Sigma in any firm. Many firms have reported significant benefits as a result of Six Sigma project implementation, though not all are yet success stories. This paper reviews the literature related to the critical success factors for the effective implementation of Six Sigma. This research will provide the useful information for firms, which are willing to implement Six Sigma and help firms avoid the risks during the process of Six Sigma implementation. The primary objective of this exploratory research is to identify the critical success factors required for the successful implementation of Six Sigma. Then, based on the critical success factors identified in literature and the survey, the purpose is to develop and propose an applicable framework for firms to successfully implement Six Sigma. The research is explorative of nature and a survey research design was used with a questionnaire as data-gathering instrument. Descriptive statistics (e.g. means and standard deviations) were used to analyse the data. The results confirmed that the most critical success factors for successful Six Sigma implementation include management commitment, change management, effective communication and alignment. The proposed framework presents six interlinking components of Six Sigma which is dependent on these four critical success factors. Limitations in the research are identified and recommendations for future research are made. / Thesis (M.B.A.)--North-West University, Vaal Triangle Campus, 2009.

There can be little doubt that Six Sigma is far more than just another novelty concept; in fact, it can be considered as a proven quality philosophy and if applied correctly, ensures a competitive advantage. A rapidly increasing number of firms, from all industries and of all sizes, are now reporting significant savings or returns on their program and training investments, because of the implementation of Six Sigma. This paper investigates the origin, definition, financial benefits and challenges of Six Sigma and its implementation. Certain critical success factors determine the successful implementation of Six Sigma in any firm. Many firms have reported significant benefits as a result of Six Sigma project implementation, though not all are yet success stories. This paper reviews the literature related to the critical success factors for the effective implementation of Six Sigma. This research will provide the useful information for firms, which are willing to implement Six Sigma and help firms avoid the risks during the process of Six Sigma implementation. The primary objective of this exploratory research is to identify the critical success factors required for the successful implementation of Six Sigma. Then, based on the critical success factors identified in literature and the survey, the purpose is to develop and propose an applicable framework for firms to successfully implement Six Sigma. The research is explorative of nature and a survey research design was used with a questionnaire as data-gathering instrument. Descriptive statistics (e.g. means and standard deviations) were used to analyse the data. The results confirmed that the most critical success factors for successful Six Sigma implementation include management commitment, change management, effective communication and alignment. The proposed framework presents six interlinking components of Six Sigma which is dependent on these four critical success factors. Limitations in the research are identified and recommendations for future research are made. / Thesis (M.B.A.)--North-West University, Vaal Triangle Campus, 2009.

Univ., Diss.--St. Gallen, 2004.

University, Diss.--St. Gallen, 2007.

Diss. Univ. Trier, 1993.