Authors:Doddy Setiawan, Lian Kee Phua Pages: 135 - 143 Abstract: Business Strategy Series, Volume 14, Issue 5/6, Page 135-143, September 2013. Purpose – This study aims at examining the impact of corporate governance on dividend policy among Indonesian companies. There are two theories of the effect of corporate governance on dividend policy: substitution and outcome theory. Substitution theory argue that corporate governance have negative effect on dividend policy, while outcome theory argue that corporate governance have positive effect on dividend policy. Therefore, this study investigates the effect of corporate governance on dividend policy in Indonesia. This study aims at examining the impact of corporate governance on dividend policy among Indonesian companies. There are two theories of the effect of corporate governance on dividend policy: substitution and outcome theory. Substitution theory argue that corporate governance have negative effect on dividend policy, while outcome theory argue that corporate governance have positive effect on dividend policy. Therefore, this study investigates the effect of corporate governance on dividend policy in Indonesia. Design/methodology/approach – The sample of this research comprises 248 firms from Indonesian Stock Exchange during 2004-2006. This research using Transparency and Disclosure Index (TDI) to measure corporate governance in Indonesia Findings – We find that TDI are low among Indonesian firms, with a score of 32 per cent out of the maximum point. This score indicates that Indonesian corporate governance is still low. The results show that there is a negative relation between corporate governance and dividend policy in Indonesia. Thus, the Indonesian companies pay more dividends when corporate governance practice is low. This result confirms applicable of substitution theory in Indonesia. Research limitations/implications – This research focuses on manufacturing industry in Indonesia. Therefore, the conclusions of this research apply on the manufacturing companies in Indonesia Practical implications – This research shows that companies with poor corporate governance pay dividend higher than companies with better corporate governance. Thus, investor can use this information to make investment decision. Originality/value – This research provides evidence on the negative effect of corporate governance on dividend policy in Indonesia (substitution theory). Citation: Business Strategy Series PubDate: 2014-07-31T03:28:40Z DOI: 10.1108/BSS-01-2013-0003
Authors:Fazli Idris Pages: 144 - 150 Abstract: Business Strategy Series, Volume 14, Issue 5/6, Page 144-150, September 2013. Purpose – The research aims to find and highlight the process, procedures, and practices at AirAsia that deem to fit the characteristics of simplicity and discipline in the original model for creating value in the forms of lower operations costs, which ultimately translates into lower ticket price for Airasia's customers. Design/methodology/approach – A case study method is used in this study. It is appropriate as; the model has not been applied to a service organization. In exploring the concept of simplicity and discipline and how they create values, at a set of the best practices and procedures utilized by AirAsia are being scrutinized. Four employees at the executive and managerial level were interviewed. The author spent approximately two hours with the senior manager of Network Management Centre as all operations fall under his jurisdiction. Besides him, this study also took information from a technical service manager and two executives. The information collected from the staff is complementary to each other, ensuring the internal validity of the method. The secondary information was taken primarily from AirAsia's website: AirAsia.com. Findings – It is suggested that excellent practices and procedures done at Airasia characterize both concepts of simplicity and discipline, which in return help AsiaAsia in creating value for its customers. For example, the company decision to use one type of aircraft ensures its easy maintenance and training of staffs. The use of IT at the company helps the company plan the unplanned changes. The clever use of IT has enabled the control filter, as specified by Correa and Gianesi to function properly. It simplifies the booking, sales and checking-in procedures. Furthermore, the company has locked a partnership with its IT vendors for mutual benefits where AirAsia can constantly improve their system while the IT vendor learns to create innovative products according to customer requirements. Research limitations/implications – The result does not indicate that that Airasia's operational success is due to these concepts. Rather this article suggests that the concepts of simplicity and discipline, as proven to be successfully applied to manufacturing sector, could also be potentially applied to service organizations to helps firms create value, in this company in the form of low price ticket for affordable travel. Practical implications – Managers in a similar service industry could use the principles and practices proposed to potentially enhance its operations flexibility. Originality/value – This research is important as for one to understand the main topics of operations flexibility in services sector. Citation: Business Strategy Series PubDate: 2014-07-31T03:28:10Z DOI: 10.1108/BSS-12-2011-0031
Authors:Theresa Char Fei Ho, Noor Hazlina Ahmad, Ramayah Thurasamy Pages: 151 - 159 Abstract: Business Strategy Series, Volume 14, Issue 5/6, Page 151-159, September 2013. Purpose – This paper proposes a conceptual framework that would be able to explain the importance of workplace familism on business performance through an organizational learning capability as a mediator. Design/methodology/approach – A conceptual approach is taken whereby this paper is based on an extensive literature review of workplace familism and organizational learning capability. Four prepositions were proposed to highlight the focus of this study which is how workplace familism can be capitalized through organizational learning capability to enhance SMEs business performance. Findings – This paper provides a theoretical discussion on the importance of organizational learning capability in ensuring the survival of the family business. The concept of workplace familism are relatively new, hence, it offers an interesting avenue for further research especially in the Malaysian context. Practical implications – The paper draws attention to the importance of workplace familism and learning organization in fostering entrepreneurial survival and performance among SMEs. Originality/value – This paper shed some insight on the subject on workplace familism and organizational learning capability in small and medium enterprise (SMEs) which hopefully would attract scholars and researchers to pursue more research on this area. Citation: Business Strategy Series PubDate: 2014-07-31T03:28:24Z DOI: 10.1108/BSS-08-2012-0045
Authors:Arpita Agnihotri Pages: 99 - 105 Abstract: Business Strategy Series, Volume 14, Issue 4, Page 99-105, September 2013. Purpose – The purpose of this paper is to analyze the role of fit between the environment of a firm, its resources and strategies. Design/methodology/approach – The paper is based on secondary resources. Findings – Firms can carve opportunities out of an essentially unfavorable environment, either by nurturing resources or implementing innovative business models, thus negating the “fit” effect. Originality/value – This paper adds to the fit vs stretch literature. Citation: Business Strategy Series PubDate: 2014-07-31T03:27:21Z DOI: 10.1108/BSS-04-2013-0034
Authors:Noor Shairullizan KamalulAriffin, Siti Nabiha Abdul Khalid, Nabsiah Abdul Wahid Pages: 106 - 117 Abstract: Business Strategy Series, Volume 14, Issue 4, Page 106-117, September 2013. Purpose – The objective of this study is to investigate if the five barriers, namely, Regulation/Government, Customer Demand, Level of Competition, Greenness at the Organizational Level, and Attitude at the Organizational Level towards Change, greatly impact the costs and potential benefits of environmental management practices (EMPs). Design/methodology/approach – The target population of this research was 208 hotels, which are four- and five-star hotels in Malaysia. Due to small population, questionnaires were sent by mail to all the targeted four- and five-star hotels in Malaysia. Findings – Only Greenness at the Organizational Level was found to have partially supported EMPs. Even though the results show that there is significant impact overall between barriers and EMPs in 40 four- and five-star hotels in Malaysia. In other words, the drivers do influence hotels' application of EMPs but weakly. Research limitations/implications – The limitation that is worth mentioning is regarding the drivers of EMPs chosen in this research. While the result indicated that drivers of EMPs significantly influenced hotels' usage of EMPs, the range of R2 of the five drivers and the two dimensions of EMPs was relatively very low. Originality/value – A definitive conceptual framework of EMPs is essential, which could only be achieved through consensus and close cooperation amongst scholars and practitioners. For that reason, EMPs should not be seen as a mere collection of management systems but more towards management practices that are used within and for hotels' strategic purpose. Citation: Business Strategy Series PubDate: 2014-07-31T03:27:18Z DOI: 10.1108/BSS-06-2012-0028
Authors:Kaushik Mukerjee Pages: 118 - 122 Abstract: Business Strategy Series, Volume 14, Issue 4, Page 118-122, September 2013. Purpose – The high rate of CRM failures is a matter of concern for business managers. Although the benefits of CRM have been well acknowledged, the manner in which CRM's benefits can be leveraged is still not well understood. This paper seeks to offer an approach that can be used to strategize for CRM in order to leverage the benefits. Design/methodology/approach – The paper is based on the findings of various authors and by studying the CRM strategy adopted by Tesco to develop a conceptual framework that can be used for strategizing for CRM. Findings – The contribution of the author of this paper is a conceptual framework that can be used to strategize for CRM. The four stages of the framework are: Engage- Segment-Personalize-Track. Research limitations/implications – Only one case study has been referred to. Practical implications – The framework can be used by managers who desire to use CRM and leverage its benefits. Originality/value – Since the failure rates of CRM are high, it seems that the existing frameworks and approaches are not capable of ensuring success with CRM. It is hoped that this new conceptual approach that basically focuses on four steps – Engage-Segment-Personalize-Track – will deliver on the promise of CRM. Citation: Business Strategy Series PubDate: 2014-07-31T03:27:21Z DOI: 10.1108/BSS-11-2011-0028
Authors:Sany Sanuri Mohd Mokhtar, Nur Adiana Hiau Abdullah, Nordin Kardi, Mohd Idzwan Yacob Pages: 123 - 130 Abstract: Business Strategy Series, Volume 14, Issue 4, Page 123-130, September 2013. Purpose – This paper aims to highlight the planning and implementation processes of a higher education institution ISO 9000 quality management system. Design/methodology/approach – The paper discusses the issues and challenges faced by the institution in the process of maintaining and going beyond the minimum requirements of a quality management system. Findings – The paper finds that senior leaders of an organization play an important role in driving the organization to quality improvement and organizational excellence. Practical implications – The paper suggests practical information for management of a higher education institution to maintain and sustain a quality management system. Originality/value – Maintaining a quality management system remains critical for an organization that has obtained certification. It has been observed that maintaining a quality management system is a far more daunting task than obtaining one. Citation: Business Strategy Series PubDate: 2014-07-31T03:27:11Z DOI: 10.1108/BSS-12-2011-0032
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