impact of information technology on managerial economics

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37 documents for impact of information technology on managerial economics
  • ... requires a large amount of consumer information in order to deliver value (Nowak and Phelps ... The widespread adoption of information technology (IT) has allowed firms to meet this need for ... industrial society has had a definite impact on issues of privacy, participation, and ... in Consumer Markets: A Comparison of Managerial and Consumer Attitudes about Information ...Posner, Richard. 1981. The Economics of Justice. Cambridge, MA: Harvard University ...

  • Utilizing archival materials, this paper examines the case of the Genoa-based firm, Ansaldo, which, by the early decades of the 20th century, had emerged as a major force in the inter-related fields of engineering, shipbuilding, and metal and steel manufacture in Italy. Following financial problems immediately after World War I and during the 1920s, the company was subsequently taken under the umbrella of the Italian State's financial holding unit, the Institute for Industrial Reconstruction (IRI), in the 1930s. Utilizing Lewin's theory of change as a framework for investigating change in management accounting, the paper examines the internal and external factors influencing the development of cost/management accounting at the company. These are also examined against the background of t...

    ..., and that changes in accounting for managerial purposes will be influenced by factors both ... management reinforced the positive impact of World War I on costing systems in British ... techniques and the use of cost information for internal management purposes. Thus, a study ... generally committed to laissez-faire economics, in ones like Germany where the state played a ... pumped full with science: scientific technology, scientific management, scientific market ...

  • In recognition of the growing importance of small business ownership by women to the economic well-being of national economies, considerable academic attention has been given to identifying the reasons why women enter self-employment. However, little is known about the motivations for women to become franchisors. This represents an important gap in the literature. While the absence of research may be due to early beliefs that women are risk averse individuals that tend to limit the growth of their enterprises, more recent studies conclude that women perceive small business ownership as a vehicle for rapid growth and wealth creation. On this basis, franchising should represent an appealing business expansion strategy as it minimizes capital, labor, and managerial limitations on firm grow...

    .... Apart from the impact of personal and financial goals on organizational ... traditional male-image sectors such as technology and manufacturing, and are more likely to favor ... was adopted to gather in-depth information within a real-life context with the aim of ... Survival Rates," Small Business Economics 7(5): 377-88. Belcourt, M., Burke, R., & ...

  • This paper analyzes a merger in the oil industry; in the case of Chevron and Texaco. Oil is assumed to be a homogeneous good which is produced by a small number of firms with different unit costs. Merger formation is endogenously explained as a result of cooperative decisions. It is shown that merger participants are very asymmetric if prior costs of production differences are moderate. If cost differences are large, however, the more efficient firms participate in the mergers to enjoy production efficiency, while the least efficient firms are not attractive partners and, there tore, remain independent in the post-merger market. Moreover, the research tries to investigate Chevron share retums if the merger has achieved its goal of maximizing shareholders wealth.

    ... as moves by the competition, shifts in technology or new customer demands. Nothing appears SO ... use event study method to examine the impact of merger announcements on stock prices as a ..., stock prices quickly adjust to new information and incorporate any changes in value that the ... implication of financial and managerial domination. In reality it is often impossible to ... research tool in finance, business and economics. Changes in market value can be analyzed using ...

  • ... trade negotiations (the Doha Round), the impact of possible failure or delay on the credibility ...--was underpinned by improved technology and communications--the telegraph in ... the basic and most powerful theories of economics--the theory of comparative advantage. This ... importance of language, cultural and managerial norms and practices, regulatory standards, the ... trade' investments such as improved information and improved infrastructure, enabling the least ...

  • Market expansion is a very important strategic option in the developing economies. Literature on marketing to the "bottom of the pyramid" and the "blue ocean" strategy has brought to the fore the issue of direct involvement of manufacturers or corporations in expanding markets. Though the "bottom of the pyramid" and the "blue ocean" strategy frameworks are important references for development of conceptual framework for market expansion, neither of these can be considered as a complete conceptualization in itself. The authors synthesize extant knowledge on the subject and provide a conceptual framework by looking into fundamental issues such as what is a market, what is market expansion, and what factors affect market expansion. Unlike in case of the "blue ocean" strategy framework, th...

    ... community access to ready information in their local language on the weather and market ... from substitutes is discussed in economics as well as in the strategy literature (e.g., ... financial viability can be a matter of managerial perception, especially if they are used to ... that the studies which report the positive impact of competitor orientation on a company's ...Guerraz. 2006. "Business Models for Technology in the Developing World: The Role of NGOs." ...

  • ...) stated that, despite the spread of managerial philosophies and practical implementations, ... not attach context to the codified information presented in the textbooks due to a lack of ... management within contextual studies in economics, politics, psychology and sociology. It is ... and branch offices must understand the impact of differing cultures on the management of ... the School of Science and Engineering Technology at Durham College and Adjunct Assistant Professor ...

  • ... of information and knowledge and the economics of information. Developing a holistic approach to ... as advances in information technology create situations where the component areas ...." This answer is "misinformative."11 The impact of the federal policy is filtered out at the ... of jurisdiction and mandates, managerial imperatives and a general aversion to social ...

  • ... development of science and technology and facilitated by the reduction in the costs of ... people, goods, services, capital and information across state borders) Law, which always follows ...) Francks' legitimacy theory, Chayas' managerial theory and Koh's transnational process theory all ... in the rule of law and neo-classical economics. (36) Justice, as the empowerment and protection ... Fox-Decent have recently commented on the impact of international law on domestic law-making by ...

  • I describe an extension to a recently reported interacting-agent model of retail competition and innovation, which displays a subtle type of order known as self-organized criticality, or SOC. SOC is a stochastic steady state that is "poised" so that a small exogenous perturbation may result in anything from no response, to a system-wide avalanche-like response. Such poised systems have been shown to be superior on some measure (such as "fitness" in ecology) for the system as a whole. The extension is designed to validate the model by generating falsifiable predictions about retail industry dynamics. Specifically, the extension allows firms to exit, while preserving the self-organized critical state of the entire system. The model predicts that exit data should show the power-law behavio...

    ... and are becoming important in financial economics. Indeed, Nobel Laureate Harry Markowitz stated in ...Managerial decision-making is grounded in Simon's (1955, ... deal with large amounts of complex information is also consistent with observational studies ... of complexity [emphasis added]." Technology evolution, most notably the Internet, and ... store-specific environmental effects that impact share without any change in competitors' ...

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