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- Management Dynamics : Journal of the Southern African Institute for Management Scientists
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- Volume 12, Issue 4, 2003
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 12, Issue 4, 2003
Volume 12, Issue 4, 2003
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 12, pp 2 –17 (2003)More Less
Family businesses are fast becoming the dominant form of business enterprise in both developing and developed economies. As family businesses are a primary contributor to the economic and social well-being of all capitalist societies, their general lack of longevity is a cause for concern. One of the main reasons (if not the single most important reason) of the high failure rate among first- and second-generation family businesses is their inability to manage the complex process of ownership and management succession from one generation to the next. Hence, the primary objective of this study is to identify the organisational and organisational-related factors that impact on successful succession. The results indicate that the financial security of the family business and that of the owner-manager, as well as family members' acceptance of their collective and individual roles in the context of the family business, are important to the success of succession for both owner-managers and successors. Furthermore, if estate planning is undertaken and the successor is externally prepared to take over the family business, the prospects of the continued profitability of the business improve significantly.
A model to compare bank size and the performance of banks by using financial statement analyses and Data Envelopment AnalysisSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 12, pp 18 –26 (2003)More Less
This paper employs conventional financial statement analyses as well as Data Envelopment Analysis (DEA),as a non-parametric approach, to carry out a performance evaluation of a bank at regional level. Two approaches to defining bank regional size are also identified. The primary objective of this study is to determine whether there is a relationship between the results of the different performance measures and the size of a bank region. <br>Evidence was found that there is a significant relationship between some of the performance measures and the size of a bank region. In some cases there is a positive relationship between the region size and the performance measure, for example total income to staff cost. In other cases, a negative relationship exists between the region size and the performance measures, as in the case of total income to assets. The study concludes that managers (and not the size of a bank region) determine the performance of a bank region or bank branch.
Author N.S. TerblancheSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 12, pp 27 –38 (2003)More Less
Relationship marketing has received a great deal of attention and publicity during the past decade. Despite it all, theoretically driven analyses of the long-term relationships between consumers and marketers have remained scarce. The concept of relationship marketing originated in business markets, and the subsequent broadened scope of relationship marketing from business to also embrace consumer environments has raised some questions and challenges. The primary purpose of this article is to provide an overview of the issues, elements,and conditions that prevail when assessing whether the products, services, and activities of a particular retailer would benefit from relationship marketing. The article briefly attends to the relevance of loyalty programmes for the fostering of relationship marketing. A number of propositions are also presented as guidelines for possible future research on relationship marketing in consumer markets.
Empirical perspectives on the motivational and learning strategies of undergraduate students in Business Management : an exploratory studySource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 12, pp 39 –50 (2003)More Less
This study investigated the influence of scholastic performance, motivational variables, and the use of various learning strategies on module performance in the subject Business Management at a South African university. Undergraduate Business Management students(n = 373) were surveyed using the MSLQ instrument, after completing a Business Management module. The empirical results reveal that scholastic performance(Grade 12 results) is a strong predictor of successful completion of Business Management modules at university level. The results also suggest that the motivational variable "self-efficacy: mastery (learning material)" and the learning strategy "cognitive: monitoring activities (questioning and understanding)" both impact positively on academic performance in Business Management.
Practical significance (effect sizes) versus or in combination with statistical significance (p-values) : research noteSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 12, pp 51 –53 (2003)More Less
Statistical significance tests have a tendency to yield small p-values (indicating significance) as the size of the data sets increase. The effect size is independent of sample size and is a measure of practical significance. It can be understood as a large enough effect to be important in practice and is described for differences in means as well as for the relationship in two-way frequency tables and also for a multiple regression fit.